MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) by 89.5% during the 4th quarter, Holdings Channel reports. The firm owned 1,387,794 shares of the company’s stock after purchasing an additional 655,533 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima were worth $16,570,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LOMA. Arrowstreet Capital Limited Partnership acquired a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter worth approximately $15,543,000. INCA Investments LLC purchased a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter worth $8,986,000. Brevan Howard Capital Management LP acquired a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter worth $4,516,000. William Blair Investment Management LLC purchased a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter valued at $3,867,000. Finally, Glenorchy Capital Ltd lifted its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 100.8% during the fourth quarter. Glenorchy Capital Ltd now owns 462,366 shares of the company’s stock valued at $5,521,000 after buying an additional 232,055 shares during the period. 19.32% of the stock is currently owned by institutional investors and hedge funds.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance

NYSE:LOMA opened at $12.32 on Friday. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a twelve month low of $5.70 and a twelve month high of $13.79. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 20.88 and a beta of 1.14. 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’s fifty day simple moving average is $10.91 and its 200 day simple moving average is $11.27.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) last issued its earnings results on Tuesday, May 6th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.05. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a return on equity of 8.60% and a net margin of 9.42%. The company had revenue of $135.42 billion during the quarter, compared to the consensus estimate of $151 billion. As a group, equities research analysts expect that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LOMA shares. Itau BBA Securities upgraded Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “market perform” rating to an “outperform” rating and set a $14.20 price objective on the stock in a report on Monday. Bank of America raised shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “neutral” rating to a “buy” rating and increased their target price for the stock from $11.50 to $14.00 in a research report on Wednesday, April 23rd.

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.