River & Mercantile Asset Management LLP grew its holdings in shares of Loma Negra Compania Indl Argentina SA (NYSE:LOMA) by 336.9% during the third quarter, HoldingsChannel.com reports. The firm owned 399,786 shares of the company’s stock after purchasing an additional 308,286 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Loma Negra Compania Indl Argentina were worth $3,532,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Citadel Advisors LLC acquired a new position in shares of Loma Negra Compania Indl Argentina during the second quarter worth about $129,000. Stevens Capital Management LP acquired a new position in shares of Loma Negra Compania Indl Argentina during the second quarter worth about $153,000. Engineers Gate Manager LP acquired a new position in shares of Loma Negra Compania Indl Argentina during the second quarter worth about $154,000. Renaissance Technologies LLC acquired a new position in shares of Loma Negra Compania Indl Argentina during the third quarter worth about $399,000. Finally, Dynamic Technology Lab Private Ltd grew its position in shares of Loma Negra Compania Indl Argentina by 176.9% during the second quarter. Dynamic Technology Lab Private Ltd now owns 41,922 shares of the company’s stock worth $430,000 after buying an additional 26,782 shares in the last quarter. Institutional investors own 35.37% of the company’s stock.

Shares of Loma Negra Compania Indl Argentina stock opened at $10.16 on Friday. Loma Negra Compania Indl Argentina SA has a one year low of $6.36 and a one year high of $26.89. The stock has a market cap of $1.23 billion and a PE ratio of 16.41. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.00 and a quick ratio of 0.66.

Loma Negra Compania Indl Argentina (NYSE:LOMA) last announced its quarterly earnings results on Thursday, November 8th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $168.46 million during the quarter. Loma Negra Compania Indl Argentina had a return on equity of 30.87% and a net margin of 8.80%. On average, sell-side analysts predict that Loma Negra Compania Indl Argentina SA will post 0.53 earnings per share for the current year.

A number of brokerages have recently commented on LOMA. Zacks Investment Research raised Loma Negra Compania Indl Argentina from a “sell” rating to a “hold” rating in a research report on Tuesday, November 20th. ValuEngine raised Loma Negra Compania Indl Argentina from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 10th. Santander downgraded Loma Negra Compania Indl Argentina from a “hold” rating to an “underperform” rating in a research report on Friday. Finally, Bank of America lowered their price objective on Loma Negra Compania Indl Argentina from $17.30 to $13.00 and set a “buy” rating for the company in a research report on Monday, September 24th. Four equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. Loma Negra Compania Indl Argentina currently has an average rating of “Hold” and an average target price of $16.90.

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Loma Negra Compania Indl Argentina Company Profile

Loma Negra Compañía Industrial Argentina Sociedad Anónima, together with its subsidiaries, manufactures and markets cement and its by-products in Argentina and Paraguay. It operates through Cement, Masonry Cement and Lime; Concrete; Railroad; Aggregates; and Others segments. The company offers masonry cement, aggregate, ready-mix concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.

Read More: Are all No-Load Funds Equal?

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Institutional Ownership by Quarter for Loma Negra Compania Indl Argentina (NYSE:LOMA)

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