Pictet Asset Management Holding SA Buys Shares of 47,821 Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA

Pictet Asset Management Holding SA purchased a new stake in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 47,821 shares of the company’s stock, valued at approximately $619,000.

Other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Loma Negra Compania Industrial Argentina during the 3rd quarter worth $8,229,000. Fundamenta Capital S.A. bought a new position in Loma Negra Compania Industrial Argentina in the fourth quarter valued at about $13,087,000. M&G PLC acquired a new position in Loma Negra Compania Industrial Argentina during the third quarter worth about $5,968,000. Qube Research & Technologies Ltd acquired a new position in Loma Negra Compania Industrial Argentina during the third quarter worth about $2,372,000. Finally, RWC Asset Management LLP lifted its holdings in shares of Loma Negra Compania Industrial Argentina by 21.8% in the third quarter. RWC Asset Management LLP now owns 1,436,459 shares of the company’s stock worth $10,587,000 after acquiring an additional 257,318 shares during the last quarter. Institutional investors and hedge funds own 19.32% of the company’s stock.

Loma Negra Compania Industrial Argentina Trading Down 0.9%

NYSE LOMA opened at $11.01 on Friday. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a 12 month low of $7.04 and a 12 month high of $14.17. The company has a current ratio of 2.02, a quick ratio of 0.48 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1.28 billion, a PE ratio of 45.86, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74. The business’s 50-day moving average price is $10.83 and its two-hundred day moving average price is $11.33.

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

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Loma Negra Compania Industrial Argentina from a “sell” rating to a “hold” rating in a report on Saturday. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Loma Negra Compania Industrial Argentina presently has an average rating of “Moderate Buy” and a consensus target price of $15.07.

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.