ABS Direct Equity Fund LLC Acquires 75,971 Shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA

ABS Direct Equity Fund LLC grew its holdings in shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) by 73.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,961 shares of the company’s stock after buying an additional 75,971 shares during the quarter. Loma Negra Compania Industrial Argentina makes up 1.5% of ABS Direct Equity Fund LLC’s portfolio, making the stock its 23rd largest position. ABS Direct Equity Fund LLC’s holdings in Loma Negra Compania Industrial Argentina were worth $1,996,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Van ECK Associates Corp bought a new position in Loma Negra Compania Industrial Argentina in the third quarter valued at approximately $28,000. Savant Capital LLC bought a new position in shares of Loma Negra Compania Industrial Argentina in the fourth quarter valued at $180,000. Mangrove Partners IM LLC acquired a new position in Loma Negra Compania Industrial Argentina during the fourth quarter worth $201,000. Dodge & Cox increased its holdings in Loma Negra Compania Industrial Argentina by 17.0% during the third quarter. Dodge & Cox now owns 36,400 shares of the company’s stock worth $268,000 after buying an additional 5,300 shares during the last quarter. Finally, Engineers Gate Manager LP raised 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 acquiring an additional 6,463 shares in the last quarter. 19.32% of the stock is currently owned by institutional investors and hedge funds.

Loma Negra Compania Industrial Argentina Stock Down 0.1%

Shares of LOMA opened at $11.39 on Monday. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a 52 week low of $7.04 and a 52 week high of $13.20. The firm has a market cap of $1.33 billion, a P/E ratio of 47.45, a price-to-earnings-growth ratio of 0.48 and a beta of 0.77. The firm’s 50-day simple moving average is $11.56 and its 200 day simple moving average is $11.30. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.65 and a current ratio of 2.02.

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 for the quarter, beating 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 analysts’ expectations of $119.83 million. On average, analysts forecast that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LOMA shares. 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. Weiss Ratings downgraded shares of Loma Negra Compania Industrial Argentina from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Loma Negra Compania Industrial Argentina presently has an average rating of “Hold”.

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.