ABS Direct Equity Fund LLC Acquires 75,971 Shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA

ABS Direct Equity Fund LLC boosted its holdings in shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) by 73.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 179,961 shares of the company’s stock after acquiring an additional 75,971 shares during the period. Loma Negra Compania Industrial Argentina accounts for 1.5% of ABS Direct Equity Fund LLC’s portfolio, making the stock its 23rd largest position. ABS Direct Equity Fund LLC owned 0.15% of Loma Negra Compania Industrial Argentina worth $1,996,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Absolute Gestao de Investimentos Ltda. increased its holdings in Loma Negra Compania Industrial Argentina by 72.6% in the first quarter. Absolute Gestao de Investimentos Ltda. now owns 147,436 shares of the company’s stock valued at $1,635,000 after purchasing an additional 62,010 shares during the last quarter. PointState Capital LP boosted its holdings in Loma Negra Compania Industrial Argentina by 245.3% during the fourth quarter. PointState Capital LP now owns 1,130,732 shares of the company’s stock worth $14,643,000 after buying an additional 803,289 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of Loma Negra Compania Industrial Argentina during the 4th quarter worth about $461,000. State of Wisconsin Investment Board bought a new stake in shares of Loma Negra Compania Industrial Argentina in the 4th quarter valued at about $486,000. Finally, Mangrove Partners IM LLC acquired a new stake in shares of Loma Negra Compania Industrial Argentina in the 4th quarter valued at approximately $201,000. Institutional investors and hedge funds own 19.32% of the company’s stock.

Loma Negra Compania Industrial Argentina Trading Down 0.1%

LOMA opened at $11.39 on Monday. The stock has a market capitalization of $1.33 billion, a P/E ratio of 47.45, a P/E/G 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 firm’s fifty day simple moving average is $11.56 and its 200 day simple moving average is $11.30. The company has a current ratio of 2.02, a quick ratio of 0.65 and a debt-to-equity ratio of 0.20.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last released its earnings results 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 during the quarter, compared to analysts’ expectations of $119.83 million. Loma Negra Compania Industrial Argentina had a return on equity of 3.27% and a net margin of 4.38%. As a group, research analysts anticipate that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on LOMA. Weiss Ratings downgraded shares of Loma Negra Compania Industrial Argentina from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Wall Street Zen downgraded Loma Negra Compania Industrial Argentina from a “buy” rating to a “hold” rating in a research note on Sunday, July 5th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

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.