Loma Negra Compania Industrial Argentina (NYSE:LOMA) Sees Unusually-High Trading Volume – Time to Buy?

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) shares saw unusually-strong trading volume on Wednesday . 604,542 shares traded hands during trading, an increase of 56% from the previous session’s volume of 386,767 shares.The stock last traded at $11.4820 and had previously closed at $12.20.

Analysts Set New Price Targets

LOMA has been the topic of a number of research reports. Wall Street Zen raised shares of Loma Negra Compania Industrial Argentina from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings lowered shares of Loma Negra Compania Industrial Argentina from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. One equities 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 Trading Up 1.4%

The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 48.32, a price-to-earnings-growth ratio of 0.48 and a beta of 0.76. The company has a current ratio of 2.02, a quick ratio of 0.65 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average of $11.41 and a two-hundred day moving average of $11.48.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.05 by $0.20. The company had revenue of $158.23 million for the quarter, compared to the consensus estimate of $119.83 million. Loma Negra Compania Industrial Argentina had a return on equity of 3.27% and a net margin of 4.38%. On average, research analysts expect that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.59 EPS for the current year.

Institutional Investors Weigh In On Loma Negra Compania Industrial Argentina

Hedge funds and other institutional investors have recently made changes to their positions in the business. ABS Direct Equity Fund LLC lifted its position in shares of Loma Negra Compania Industrial Argentina by 73.1% during the 1st quarter. ABS Direct Equity Fund LLC now owns 179,961 shares of the company’s stock worth $1,996,000 after purchasing an additional 75,971 shares during the last quarter. Absolute Gestao de Investimentos Ltda. grew its holdings in Loma Negra Compania Industrial Argentina by 72.6% in the 1st quarter. Absolute Gestao de Investimentos Ltda. now owns 147,436 shares of the company’s stock valued at $1,635,000 after buying an additional 62,010 shares during the last quarter. PointState Capital LP increased its position in Loma Negra Compania Industrial Argentina by 245.3% in the 4th 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 period. Schonfeld Strategic Advisors LLC bought a new position in Loma Negra Compania Industrial Argentina in the 4th quarter worth approximately $461,000. Finally, State of Wisconsin Investment Board acquired a new position in shares of Loma Negra Compania Industrial Argentina during the fourth quarter worth approximately $486,000. 19.32% of the stock is owned by institutional investors and hedge funds.

About Loma Negra Compania Industrial Argentina

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.