RWC Asset Management LLP Acquires 529,153 Shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA

RWC Asset Management LLP lifted its holdings in shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) by 36.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,965,612 shares of the company’s stock after acquiring an additional 529,153 shares during the quarter. Loma Negra Compania Industrial Argentina accounts for about 1.3% of RWC Asset Management LLP’s holdings, making the stock its 23rd largest position. RWC Asset Management LLP’s holdings in Loma Negra Compania Industrial Argentina were worth $25,455,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of LOMA. Balyasny Asset Management L.P. raised its stake in shares of Loma Negra Compania Industrial Argentina by 53.8% during the 2nd quarter. Balyasny Asset Management L.P. now owns 141,765 shares of the company’s stock worth $1,555,000 after purchasing an additional 49,567 shares during the period. BNP Paribas Financial Markets raised its position in Loma Negra Compania Industrial Argentina by 5.1% in the second quarter. BNP Paribas Financial Markets now owns 31,336 shares of the company’s stock worth $344,000 after acquiring an additional 1,524 shares during the period. Engineers Gate Manager LP boosted its stake in Loma Negra Compania Industrial Argentina by 35.3% in the second quarter. Engineers Gate Manager LP now owns 24,773 shares of the company’s stock valued at $272,000 after acquiring an additional 6,463 shares during the last quarter. State of Wyoming purchased a new position in Loma Negra Compania Industrial Argentina in the third quarter valued at about $314,000. Finally, Aberdeen Group plc grew its position in shares of Loma Negra Compania Industrial Argentina by 16.6% during the 3rd quarter. Aberdeen Group plc now owns 1,201,100 shares of the company’s stock valued at $9,044,000 after acquiring an additional 171,210 shares during the period. Hedge funds and other institutional investors own 19.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LOMA. Weiss Ratings cut shares of Loma Negra Compania Industrial Argentina from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Wall Street Zen raised Loma Negra Compania Industrial Argentina from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $16.00.

Loma Negra Compania Industrial Argentina Trading Down 0.1%

NYSE:LOMA opened at $11.12 on Monday. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a 1 year low of $7.04 and a 1 year high of $13.20. The stock’s fifty day moving average price is $11.19 and its two-hundred day moving average price is $11.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.02 and a quick ratio of 0.65. The company has a market cap of $1.30 billion, a P/E ratio of 46.35, a P/E/G ratio of 0.47 and a beta of 0.76.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last posted its earnings results on Monday, May 4th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.20. The business had revenue of $158.23 million during the quarter, compared to analyst estimates 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 expect that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.59 EPS for the current year.

Loma Negra Compania Industrial Argentina Profile

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.