Absolute Gestao de Investimentos Ltda. Increases Stock Holdings in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA

Absolute Gestao de Investimentos Ltda. boosted its holdings in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) by 72.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,436 shares of the company’s stock after purchasing an additional 62,010 shares during the quarter. Absolute Gestao de Investimentos Ltda.’s holdings in Loma Negra Compania Industrial Argentina were worth $1,635,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp acquired a new position in shares of Loma Negra Compania Industrial Argentina during the 3rd quarter valued at about $28,000. Savant Capital LLC acquired a new stake in shares of Loma Negra Compania Industrial Argentina in the fourth quarter worth approximately $180,000. Mangrove Partners IM LLC purchased a new stake in Loma Negra Compania Industrial Argentina in the fourth quarter valued at approximately $201,000. Dodge & Cox grew its holdings in Loma Negra Compania Industrial Argentina by 17.0% in the third quarter. Dodge & Cox now owns 36,400 shares of the company’s stock valued at $268,000 after purchasing an additional 5,300 shares during the period. Finally, Engineers Gate Manager LP increased its position in Loma Negra Compania Industrial Argentina by 35.3% during the second quarter. Engineers Gate Manager LP now owns 24,773 shares of the company’s stock worth $272,000 after purchasing an additional 6,463 shares during the last quarter. 19.32% of the stock is owned by institutional investors and hedge funds.

Loma Negra Compania Industrial Argentina Price Performance

Shares of LOMA stock opened at $11.39 on Friday. The firm has a fifty day simple moving average of $11.56 and a 200-day simple moving average of $11.31. The company has a market capitalization of $1.33 billion, a PE ratio of 47.45, a price-to-earnings-growth ratio of 0.48 and a beta of 0.77. 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 current ratio of 2.02, a quick ratio of 0.65 and a debt-to-equity ratio of 0.20.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last released its quarterly earnings results on Monday, May 4th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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. Equities research analysts anticipate that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LOMA. Wall Street Zen downgraded shares of Loma Negra Compania Industrial Argentina from a “buy” rating to a “hold” rating in a research note on Sunday, July 5th. Weiss Ratings downgraded Loma Negra Compania Industrial Argentina from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Loma Negra Compania Industrial Argentina 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.