abrdn plc Sells 7,000 Shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)

abrdn plc lessened its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 892,800 shares of the company’s stock after selling 7,000 shares during the period. abrdn plc’s holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima were worth $6,330,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LOMA. Mirae Asset Global Investments Co. Ltd. raised its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 9.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,522,869 shares of the company’s stock worth $9,183,000 after buying an additional 126,571 shares in the last quarter. RWC Asset Management LLP raised its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 167.8% in the third quarter. RWC Asset Management LLP now owns 1,259,956 shares of the company’s stock worth $7,598,000 after buying an additional 789,477 shares in the last quarter. Sagil Capital LLP raised its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 174.6% in the third quarter. Sagil Capital LLP now owns 505,181 shares of the company’s stock worth $3,046,000 after buying an additional 321,224 shares in the last quarter. RWC Asset Advisors US LLC raised its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 45.5% in the third quarter. RWC Asset Advisors US LLC now owns 160,349 shares of the company’s stock worth $967,000 after buying an additional 50,172 shares in the last quarter. Finally, Quadrature Capital Ltd raised its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 174.7% in the third quarter. Quadrature Capital Ltd now owns 158,476 shares of the company’s stock worth $955,000 after buying an additional 100,789 shares in the last quarter. Institutional investors own 19.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LOMA. UBS Group lowered shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “neutral” rating to a “sell” rating and cut their price target for the stock from $6.00 to $5.00 in a report 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 lifted their price target for the stock from $7.10 to $8.10 in a report on Monday, April 8th.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Price Performance

NYSE LOMA opened at $7.19 on Friday. The firm’s fifty day simple moving average is $6.86 and its two-hundred day simple moving average is $6.66. The company has a current ratio of 1.09, a quick ratio of 0.44 and a debt-to-equity ratio of 0.38. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 12-month low of $5.64 and a 12-month high of $7.87. The firm has a market capitalization of $839.36 million, a P/E ratio of 55.31, a P/E/G ratio of 0.32 and a beta of 1.46.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) last released 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 during the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a return on equity of 1.82% and a net margin of 1.58%. Analysts forecast that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.81 EPS for the current fiscal year.

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.