Absolute Gestao de Investimentos Ltda. Grows Stock Holdings in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA

Absolute Gestao de Investimentos Ltda. raised its stake in shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) by 72.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 147,436 shares of the company’s stock after acquiring an additional 62,010 shares during the period. Absolute Gestao de Investimentos Ltda. owned approximately 0.13% of Loma Negra Compania Industrial Argentina worth $1,635,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of LOMA. Van ECK Associates Corp acquired a new position in shares of Loma Negra Compania Industrial Argentina during the third quarter worth about $28,000. Savant Capital LLC acquired a new position in Loma Negra Compania Industrial Argentina during the 4th quarter worth approximately $180,000. Mangrove Partners IM LLC purchased a new position in shares of Loma Negra Compania Industrial Argentina during the 4th quarter worth approximately $201,000. Dodge & Cox lifted its holdings in shares of Loma Negra Compania Industrial Argentina by 17.0% in the 3rd quarter. Dodge & Cox now owns 36,400 shares of the company’s stock valued at $268,000 after buying an additional 5,300 shares during the period. Finally, Engineers Gate Manager LP boosted its stake in shares of Loma Negra Compania Industrial Argentina by 35.3% in the second quarter. Engineers Gate Manager LP now owns 24,773 shares of the company’s stock valued at $272,000 after buying an additional 6,463 shares in the last quarter. 19.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LOMA has been the subject of a number of research analyst reports. Weiss Ratings cut shares of Loma Negra Compania Industrial Argentina from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Wall Street Zen cut Loma Negra Compania Industrial Argentina from a “buy” rating to a “hold” rating in a report on Sunday, July 5th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Loma Negra Compania Industrial Argentina Stock Down 4.5%

Shares of NYSE LOMA opened at $11.39 on Friday. The firm’s 50-day moving average is $11.56 and its two-hundred day moving average is $11.31. The company has a market capitalization of $1.33 billion, a PE ratio of 47.45, a price-to-earnings-growth ratio of 0.48 and a beta of 0.77. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a 12-month low of $7.04 and a 12-month high of $13.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.02 and a quick ratio of 0.65.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.20. The firm had revenue of $158.23 million during the quarter, compared to the consensus estimate of $119.83 million. Loma Negra Compania Industrial Argentina had a return on equity of 3.27% and a net margin of 4.38%. Equities analysts anticipate that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.59 EPS for the current fiscal year.

Loma Negra Compania Industrial Argentina Company 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.