River & Mercantile Asset Management LLP Has $3.53 Million Stake in Loma Negra Compania Indl Argentina SA (LOMA)

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River & Mercantile Asset Management LLP lifted its stake in shares of Loma Negra Compania Indl Argentina SA (NYSE:LOMA) by 336.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 399,786 shares of the company’s stock after acquiring an additional 308,286 shares during the period. River & Mercantile Asset Management LLP owned 0.34% of Loma Negra Compania Indl Argentina worth $3,532,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of LOMA. Citadel Advisors LLC purchased a new position in shares of Loma Negra Compania Indl Argentina during the 2nd quarter worth $129,000. Stevens Capital Management LP purchased a new position in shares of Loma Negra Compania Indl Argentina during the 2nd quarter worth $153,000. Engineers Gate Manager LP purchased a new position in shares of Loma Negra Compania Indl Argentina during the 2nd quarter worth $154,000. Renaissance Technologies LLC purchased a new position in shares of Loma Negra Compania Indl Argentina during the 3rd quarter worth $399,000. Finally, Dynamic Technology Lab Private Ltd raised its holdings in shares of Loma Negra Compania Indl Argentina by 176.9% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 41,922 shares of the company’s stock worth $430,000 after acquiring an additional 26,782 shares during the period. Institutional investors and hedge funds own 35.37% of the company’s stock.

Several research analysts have recently commented on LOMA shares. Bank of America reduced their price target on Loma Negra Compania Indl Argentina from $17.30 to $13.00 and set a “buy” rating on the stock in a report on Monday, September 24th. ValuEngine upgraded Loma Negra Compania Indl Argentina from a “strong sell” rating to a “sell” rating in a report on Saturday, November 10th. Zacks Investment Research lowered Loma Negra Compania Indl Argentina from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Santander lowered Loma Negra Compania Indl Argentina from a “hold” rating to an “underperform” rating in a report on Friday. Four research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Loma Negra Compania Indl Argentina has a consensus rating of “Hold” and an average price target of $16.90.

Shares of LOMA opened at $10.16 on Friday. The stock has a market capitalization of $1.23 billion and a P/E ratio of 16.41. Loma Negra Compania Indl Argentina SA has a 12-month low of $6.36 and a 12-month high of $26.89. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.66 and a current ratio of 1.00.

Loma Negra Compania Indl Argentina (NYSE:LOMA) last issued its quarterly earnings data on Thursday, November 8th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $168.46 million for the quarter. Loma Negra Compania Indl Argentina had a net margin of 8.80% and a return on equity of 30.87%. Analysts expect that Loma Negra Compania Indl Argentina SA will post 0.53 earnings per share for the current year.

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Loma Negra Compania Indl Argentina Profile

Loma Negra Compañía Industrial Argentina Sociedad Anónima, together with its subsidiaries, manufactures and markets cement and its by-products in Argentina and Paraguay. It operates through Cement, Masonry Cement and Lime; Concrete; Railroad; Aggregates; and Others segments. The company offers masonry cement, aggregate, ready-mix concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.

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Institutional Ownership by Quarter for Loma Negra Compania Indl Argentina (NYSE:LOMA)

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