Loma Negra Compania Industrial Argentina (NYSE:LOMA) Trading Up 4.5% – Here’s Why

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) shares rose 4.5% during trading on Monday . The company traded as high as $10.18 and last traded at $10.13. Approximately 214,537 shares were traded during mid-day trading, a decline of 45% from the average session volume of 392,975 shares. The stock had previously closed at $9.69.

Analyst Upgrades and Downgrades

LOMA has been the subject of a number of recent analyst reports. Wall Street Zen lowered Loma Negra Compania Industrial Argentina from a “buy” rating to a “hold” rating in a research note on Sunday, July 5th. Weiss Ratings raised Loma Negra Compania Industrial Argentina from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Finally, Citigroup reiterated a “buy” rating on shares of Loma Negra Compania Industrial Argentina in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Loma Negra Compania Industrial Argentina Price Performance

The company’s 50-day moving average price is $10.82 and its two-hundred day moving average price is $11.00. The company has a market cap of $1.18 billion, a P/E ratio of 34.83, a P/E/G ratio of 0.45 and a beta of 0.75. The company has a current ratio of 2.25, a quick ratio of 0.72 and a debt-to-equity ratio of 0.20.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.06). The company had revenue of $160.41 million for the quarter, compared to the consensus estimate of $108.44 million. Loma Negra Compania Industrial Argentina had a return on equity of 3.79% and a net margin of 5.05%. As a group, sell-side analysts expect that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Balyasny Asset Management L.P. grew its position in shares of Loma Negra Compania Industrial Argentina by 53.8% in the 2nd quarter. Balyasny Asset Management L.P. now owns 141,765 shares of the company’s stock worth $1,555,000 after acquiring an additional 49,567 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of 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 acquiring an additional 1,524 shares in the last quarter. Engineers Gate Manager LP lifted its stake in Loma Negra Compania Industrial Argentina by 35.3% during the second quarter. Engineers Gate Manager LP now owns 24,773 shares of the company’s stock worth $272,000 after purchasing an additional 6,463 shares during the last quarter. Van ECK Associates Corp bought a new position in Loma Negra Compania Industrial Argentina during the third quarter worth $28,000. Finally, UBS Group AG lifted its stake in Loma Negra Compania Industrial Argentina by 117.0% during the third quarter. UBS Group AG now owns 113,486 shares of the company’s stock worth $836,000 after purchasing an additional 61,180 shares during the last quarter. Institutional investors own 19.32% of the company’s stock.

Loma Negra Compania Industrial Argentina Company 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.