Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $7.87 and last traded at $7.58, with a volume of 206866 shares traded. The stock had previously closed at $7.60.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on LOMA shares. Bank of America upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from an “underperform” rating to a “neutral” rating and upped their target price for the company from $7.10 to $8.10 in a research report on Monday. UBS Group downgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “neutral” rating to a “sell” rating and cut their target price for the company from $6.00 to $5.00 in a research report on Thursday, April 4th.
Get Our Latest Analysis on Loma Negra Compañía Industrial Argentina Sociedad Anónima
Loma Negra Compañía Industrial Argentina Sociedad Anónima Trading Down 3.7 %
Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA – Get Free Report) last released its earnings results on Wednesday, March 6th. The company reported ($0.41) earnings per share (EPS) for the quarter. The business had revenue of $242.13 million for the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a net margin of 1.58% and a return on equity of 1.82%. On average, research analysts expect that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.81 earnings per share for the current fiscal year.
Institutional Trading of Loma Negra Compañía Industrial Argentina Sociedad Anónima
A number of hedge funds have recently modified their holdings of LOMA. Renaissance Technologies LLC raised its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 3.2% in the 1st quarter. Renaissance Technologies LLC now owns 175,800 shares of the company’s stock valued at $1,006,000 after acquiring an additional 5,518 shares during the period. Invesco Ltd. raised its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 2.5% in the 1st quarter. Invesco Ltd. now owns 126,048 shares of the company’s stock valued at $721,000 after acquiring an additional 3,094 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 1st quarter valued at approximately $86,000. Eaton Vance Management acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 1st quarter valued at approximately $2,796,000. Finally, Virtu Financial LLC bought a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 1st quarter worth approximately $127,000. 19.32% of the stock is currently owned by institutional investors and hedge funds.
Loma Negra Compañía Industrial Argentina Sociedad Anónima 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.
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