Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA Shares Sold by Ping Capital Management Inc.

Ping Capital Management Inc. trimmed its stake in shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) by 39.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,300 shares of the company’s stock after selling 59,700 shares during the quarter. Ping Capital Management Inc.’s holdings in Loma Negra Compania Industrial Argentina were worth $1,182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. ABS Direct Equity Fund LLC bought a new stake in Loma Negra Compania Industrial Argentina during the fourth quarter worth approximately $1,347,000. Pictet Asset Management Holding SA bought a new position in Loma Negra Compania Industrial Argentina during the 4th quarter valued at $619,000. UBS Group AG increased its position in shares of Loma Negra Compania Industrial Argentina by 71.7% during the 4th quarter. UBS Group AG now owns 194,838 shares of the company’s stock valued at $2,523,000 after purchasing an additional 81,352 shares during the period. Fundamenta Capital S.A. acquired a new position in shares of Loma Negra Compania Industrial Argentina during the 4th quarter valued at $13,087,000. Finally, Verition Fund Management LLC raised its stake in shares of Loma Negra Compania Industrial Argentina by 25.4% in the 3rd quarter. Verition Fund Management LLC now owns 57,640 shares of the company’s stock worth $425,000 after buying an additional 11,684 shares in the last quarter. Institutional investors and hedge funds own 19.32% of the company’s stock.

Loma Negra Compania Industrial Argentina Trading Down 3.7%

Shares of Loma Negra Compania Industrial Argentina stock opened at $10.63 on Friday. The business has a fifty day simple moving average of $10.82 and a 200-day simple moving average of $11.21. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a fifty-two week low of $7.04 and a fifty-two week high of $14.17. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 66.44 and a beta of 0.74. The company has a quick ratio of 0.48, a current ratio of 1.44 and a debt-to-equity ratio of 0.15.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last released its earnings results on Sunday, February 15th. The company reported $0.04 earnings per share (EPS) for the quarter. Loma Negra Compania Industrial Argentina had a return on equity of 2.25% and a net margin of 2.97%.The firm had revenue of $165.73 million for the quarter. On average, equities analysts forecast that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.71 EPS for the current fiscal 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.