GAMMA Investing LLC Increases Stake in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA)

GAMMA Investing LLC lifted its position in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) by 935.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,147 shares of the company’s stock after acquiring an additional 41,692 shares during the period. GAMMA Investing LLC’s holdings in Loma Negra Compania Industrial Argentina were worth $507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in shares of Loma Negra Compania Industrial Argentina by 57.5% in the 4th quarter. BNP Paribas Financial Markets now owns 19,807 shares of the company’s stock valued at $236,000 after buying an additional 7,232 shares during the period. Raymond James Financial Inc. purchased a new stake in Loma Negra Compania Industrial Argentina during the 4th quarter valued at approximately $270,000. XTX Topco Ltd purchased a new stake in Loma Negra Compania Industrial Argentina during the 4th quarter valued at approximately $285,000. Quantbot Technologies LP purchased a new position in shares of Loma Negra Compania Industrial Argentina during the 4th quarter worth approximately $354,000. Finally, Virtu Financial LLC raised its stake in shares of Loma Negra Compania Industrial Argentina by 104.8% during the 4th quarter. Virtu Financial LLC now owns 38,800 shares of the company’s stock worth $463,000 after buying an additional 19,855 shares in the last quarter. 19.32% of the stock is owned by institutional investors and hedge funds.

Loma Negra Compania Industrial Argentina Price Performance

Shares of LOMA stock opened at $11.54 on Friday. The firm’s 50 day moving average is $11.84 and its 200-day moving average is $11.62. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a 1 year low of $5.70 and a 1 year high of $14.17. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 13.73 and a beta of 1.10. The company has a current ratio of 0.90, a quick ratio of 0.23 and a debt-to-equity ratio of 0.02.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.05. The company had revenue of $135.42 billion during the quarter, compared to the consensus estimate of $151 billion. Loma Negra Compania Industrial Argentina had a net margin of 14.52% and a return on equity of 12.51%. Sell-side analysts forecast that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 1.25 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on LOMA. Morgan Stanley raised Loma Negra Compania Industrial Argentina from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $13.00 to $15.00 in a research note on Tuesday, May 20th. Wall Street Zen lowered Loma Negra Compania Industrial Argentina from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th. Itau BBA Securities upgraded Loma Negra Compania Industrial Argentina from a “market perform” rating to an “outperform” rating and set a $14.20 price target for the company in a research note on Monday, May 12th. Bank of America raised Loma Negra Compania Industrial Argentina from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $11.50 to $14.00 in a report on Wednesday, April 23rd. Finally, Citigroup started coverage on shares of Loma Negra Compania Industrial Argentina in a research report on Wednesday. They set a “buy” rating and a $16.00 price objective for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Loma Negra Compania Industrial Argentina currently has a consensus rating of “Moderate Buy” and an average price target of $14.80.

Loma Negra Compania Industrial Argentina Company Profile

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.