Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA – Get Free Report) shares saw strong trading volume on Monday . 268,936 shares changed hands during mid-day trading, a decline of 35% from the previous session’s volume of 414,780 shares.The stock last traded at $7.48 and had previously closed at $7.42.
Analyst Upgrades and Downgrades
LOMA has been the subject of a number of research reports. UBS Group lowered Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “neutral” rating to a “sell” rating and lowered their target price for the company from $6.00 to $5.00 in a research note on Thursday, April 4th. Bank of America raised shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $7.10 to $8.10 in a research note on Monday, April 8th.
Get Our Latest Analysis on Loma Negra Compañía Industrial Argentina Sociedad Anónima
Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance
Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA – Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The company reported ($0.41) earnings per share (EPS) for the quarter. The firm had revenue of $242.13 million for the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a net margin of 1.58% and a return on equity of 1.82%. Analysts forecast that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.81 EPS for the current fiscal year.
Institutional Investors Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima
Institutional investors have recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 3rd quarter valued at approximately $37,000. Evolution Wealth Advisors LLC lifted its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 45.7% in the third quarter. Evolution Wealth Advisors LLC now owns 22,959 shares of the company’s stock valued at $138,000 after buying an additional 7,200 shares in the last quarter. Jump Financial LLC boosted its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 41.8% in the fourth quarter. Jump Financial LLC now owns 55,602 shares of the company’s stock valued at $394,000 after buying an additional 16,402 shares during the period. RWC Asset Advisors US LLC increased its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 45.5% during the third quarter. RWC Asset Advisors US LLC now owns 160,349 shares of the company’s stock worth $967,000 after acquiring an additional 50,172 shares in the last quarter. Finally, Glenorchy Capital Ltd bought a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter worth $361,000. Institutional investors and hedge funds own 19.32% of the company’s stock.
About Loma Negra Compañía Industrial Argentina Sociedad Anónima
Loma Negra Compañía Industrial Argentina Sociedad Anónima, together with its subsidiaries, manufactures and sells cement and its derivatives in Argentina. The company operates through Cement, Masonry Cement and Lime; Concrete; Railroad; Aggregates; and Others segments. It offers masonry cement, aggregates, ready-mix concrete, concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.
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