Loma Negra Compania Industrial Argentina (NYSE:LOMA) Trading Up 6.9% – Still a Buy?

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) shares traded up 6.9% during trading on Wednesday . The company traded as high as $12.29 and last traded at $12.3150. 269,884 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 386,446 shares. The stock had previously closed at $11.52.

Analyst Ratings Changes

A number of brokerages recently issued reports on LOMA. Weiss Ratings lowered shares of Loma Negra Compania Industrial Argentina from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Wall Street Zen cut shares of Loma Negra Compania Industrial Argentina from a “buy” rating to a “hold” rating in a report on Sunday, July 5th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Loma Negra Compania Industrial Argentina Stock Performance

The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 50.94, a P/E/G ratio of 0.48 and a beta of 0.77. The stock has a 50 day simple moving average of $11.49 and a 200 day simple moving average of $11.32. The company has a quick ratio of 0.65, a current ratio of 2.02 and a debt-to-equity ratio of 0.20.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.20. The business had revenue of $158.23 million for the quarter, compared to analysts’ expectations of $119.83 million. Loma Negra Compania Industrial Argentina had a return on equity of 3.27% and a net margin of 4.38%. As a group, analysts anticipate that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Loma Negra Compania Industrial Argentina

Large investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp bought a new position in shares of Loma Negra Compania Industrial Argentina during the third quarter worth about $28,000. Savant Capital LLC acquired a new stake in shares of Loma Negra Compania Industrial Argentina in the 4th quarter worth about $180,000. Mangrove Partners IM LLC bought a new stake in Loma Negra Compania Industrial Argentina in the 4th quarter valued at about $201,000. Engineers Gate Manager LP lifted its position in Loma Negra Compania Industrial Argentina by 35.3% in the 2nd quarter. Engineers Gate Manager LP now owns 24,773 shares of the company’s stock valued at $272,000 after purchasing an additional 6,463 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Loma Negra Compania Industrial Argentina by 5.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 31,336 shares of the company’s stock valued at $344,000 after purchasing an additional 1,524 shares during the period. 19.32% of the stock is owned by institutional investors and hedge funds.

About Loma Negra Compania Industrial Argentina

Loma Negra Compañía Industrial Argentina SA is the leading cement producer in Argentina, with a history dating back to its founding in Buenos Aires in 1926. The company operates an integrated network of cement and lime plants, as well as quarries and ready-mix concrete facilities. Its operations encompass the extraction of limestone, the production of clinker, hydraulic cement and quicklime, and the distribution of aggregates and concrete for a wide range of construction projects.

The company’s product portfolio serves residential, commercial, industrial and public infrastructure markets across Argentina.