SkyView Investment Advisors LLC Trims Position in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA

SkyView Investment Advisors LLC trimmed its position in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) by 83.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,000 shares of the company’s stock after selling 78,507 shares during the period. SkyView Investment Advisors LLC’s holdings in Loma Negra Compania Industrial Argentina were worth $183,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Savant Capital LLC purchased a new stake in shares of Loma Negra Compania Industrial Argentina during the 4th quarter valued at about $180,000. Crocodile Capital Partners GmbH boosted its holdings in shares of Loma Negra Compania Industrial Argentina by 47.6% in the second quarter. Crocodile Capital Partners GmbH now owns 147,250 shares of the company’s stock worth $1,686,000 after buying an additional 47,514 shares during the last quarter. Absolute Gestao de Investimentos Ltda. boosted its holdings in shares of Loma Negra Compania Industrial Argentina by 72.6% in the first quarter. Absolute Gestao de Investimentos Ltda. now owns 147,436 shares of the company’s stock worth $1,635,000 after buying an additional 62,010 shares during the last quarter. ABS Direct Equity Fund LLC grew its position in Loma Negra Compania Industrial Argentina by 73.1% during the first quarter. ABS Direct Equity Fund LLC now owns 179,961 shares of the company’s stock valued at $1,996,000 after buying an additional 75,971 shares during the period. Finally, UBS Group AG grew its position in Loma Negra Compania Industrial Argentina by 71.7% during the fourth quarter. UBS Group AG now owns 194,838 shares of the company’s stock valued at $2,523,000 after buying an additional 81,352 shares during the period. 19.32% of the stock is owned by hedge funds and other institutional investors.

Loma Negra Compania Industrial Argentina Stock Down 1.3%

LOMA stock opened at $9.62 on Tuesday. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a twelve month low of $7.04 and a twelve month high of $13.20. The company has a quick ratio of 0.72, a current ratio of 2.25 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.12 billion, a P/E ratio of 33.18, a PEG ratio of 0.30 and a beta of 0.74. The business’s 50-day moving average price is $10.55 and its 200-day moving average price is $10.92.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last released its earnings results on Thursday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.06). Loma Negra Compania Industrial Argentina had a return on equity of 3.79% and a net margin of 5.05%.The firm had revenue of $160.41 million during the quarter, compared to analysts’ expectations of $108.44 million. On average, equities research analysts forecast that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.8 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Loma Negra Compania Industrial Argentina from a “buy” rating to a “hold” rating in a research report on Sunday, July 5th. Citigroup reissued a “buy” rating on shares of Loma Negra Compania Industrial Argentina in a research report on Wednesday, August 12th. Finally, Weiss Ratings upgraded Loma Negra Compania Industrial Argentina from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Loma Negra Compania Industrial Argentina Profile

Loma Negra Compañía Industrial Argentina SA is an Argentine manufacturer of construction materials and one of the country’s leading cement producers. The company supplies cement for residential, commercial and infrastructure projects throughout Argentina.

Its product portfolio includes Portland cement, masonry cement, ready-mix concrete, aggregates and lime, along with related construction materials and services. Loma Negra serves construction companies, concrete producers, distributors, infrastructure contractors and retail customers through a network of production and distribution facilities.

The company was founded in 1926 by Alfredo Fortabat and has played a significant role in the development of Argentina’s cement industry.