Pictet Asset Management Holding SA Purchases Shares of 47,821 Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA

Pictet Asset Management Holding SA acquired a new position in shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 47,821 shares of the company’s stock, valued at approximately $619,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp bought a new position in shares of Loma Negra Compania Industrial Argentina in the third quarter valued at about $28,000. Banco Santander S.A. bought a new position in Loma Negra Compania Industrial Argentina in the 3rd quarter valued at about $101,000. Advisors Preferred LLC acquired a new stake in Loma Negra Compania Industrial Argentina during the third quarter worth approximately $133,000. Dodge & Cox lifted its position in Loma Negra Compania Industrial Argentina by 17.0% during the third quarter. Dodge & Cox now owns 36,400 shares of the company’s stock worth $268,000 after acquiring an additional 5,300 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its holdings in shares of 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 acquiring an additional 6,463 shares during the period. 19.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Loma Negra Compania Industrial Argentina from a “sell” rating to a “hold” rating in a research note on Saturday. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.07.

Loma Negra Compania Industrial Argentina Stock Down 0.9%

LOMA stock opened at $11.01 on Friday. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a 52 week low of $7.04 and a 52 week high of $14.17. The business has a 50-day simple moving average of $10.83 and a 200 day simple moving average of $11.33. The company has a quick ratio of 0.48, a current ratio of 2.02 and a debt-to-equity ratio of 0.20. The company has a market cap of $1.28 billion, a PE ratio of 45.86, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.20. The firm had revenue of $158.23 million for the quarter, compared to the consensus estimate of $119.83 million. Loma Negra Compania Industrial Argentina had a net margin of 4.38% and a return on equity of 3.27%. Sell-side analysts anticipate that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.5 EPS for the current fiscal year.

About Loma Negra Compania Industrial Argentina

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.