Loma Negra Compania Industrial Argentina (NYSE:LOMA) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Loma Negra Compania Industrial Argentina (NYSE:LOMA) from a sell rating to a hold rating in a report published on Saturday.

Loma Negra Compania Industrial Argentina Stock Performance

Loma Negra Compania Industrial Argentina stock opened at $11.01 on Friday. The company has a quick ratio of 0.48, a current ratio of 2.02 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.28 billion, a P/E ratio of 45.86, a PEG ratio of 0.54 and a beta of 0.74. The stock’s 50 day moving average is $10.83 and its 200 day moving average is $11.33. Loma Negra Compania Industrial Argentina has a twelve month low of $7.04 and a twelve month high of $14.17.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.20. Loma Negra Compania Industrial Argentina had a return on equity of 3.27% and a net margin of 4.38%.The company had revenue of $158.23 million for the quarter, compared to the consensus estimate of $119.83 million. On average, equities research analysts predict that Loma Negra Compania Industrial Argentina will post 0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Loma Negra Compania Industrial Argentina

Hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp purchased a new stake in Loma Negra Compania Industrial Argentina during the 3rd quarter valued at $28,000. Banco Santander S.A. purchased a new stake in Loma Negra Compania Industrial Argentina during the 3rd quarter valued at $101,000. Savant Capital LLC purchased a new stake in Loma Negra Compania Industrial Argentina during the 4th quarter valued at $180,000. Mangrove Partners IM LLC purchased a new stake in Loma Negra Compania Industrial Argentina during the 4th quarter valued at $201,000. Finally, Advisors Preferred LLC purchased a new stake in Loma Negra Compania Industrial Argentina during the 3rd quarter valued at $133,000. 19.32% of the stock is currently owned by hedge funds and other institutional investors.

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.