Glenorchy Capital Ltd Has $5.52 Million Stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)

Glenorchy Capital Ltd boosted its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) by 100.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 462,366 shares of the company’s stock after acquiring an additional 232,055 shares during the period. Loma Negra Compañía Industrial Argentina Sociedad Anónima accounts for 3.2% of Glenorchy Capital Ltd’s portfolio, making the stock its 8th largest position. Glenorchy Capital Ltd owned 0.40% of Loma Negra Compañía Industrial Argentina Sociedad Anónima worth $5,521,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LOMA. GAMMA Investing LLC lifted its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 126.5% during the 4th quarter. GAMMA Investing LLC now owns 4,455 shares of the company’s stock valued at $53,000 after purchasing an additional 2,488 shares during the period. SG Americas Securities LLC acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter valued at approximately $109,000. Systrade AG bought a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter valued at approximately $143,000. BNP Paribas Financial Markets grew its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 57.5% during the 4th quarter. BNP Paribas Financial Markets now owns 19,807 shares of the company’s stock worth $236,000 after acquiring an additional 7,232 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter valued at $270,000. 19.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Bank of America upgraded Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “neutral” rating to a “buy” rating and raised their price target for the stock from $11.50 to $14.00 in a research report on Wednesday, April 23rd.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Price Performance

Loma Negra Compañía Industrial Argentina Sociedad Anónima stock opened at $11.55 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.43 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $1.35 billion, a P/E ratio of 19.58 and a beta of 1.14. The business has a 50-day moving average of $10.79 and a 200-day moving average of $11.18. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 1 year low of $5.70 and a 1 year high of $13.79.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05. The firm had revenue of $135.42 billion during the quarter, compared to analysts’ expectations of $151 billion. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a net margin of 9.42% and a return on equity of 8.60%. On average, equities analysts anticipate that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 EPS for the current 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.