Loma Negra Compania Industrial Argentina (NYSE:LOMA) Rating Increased to Buy at Wall Street Zen

Loma Negra Compania Industrial Argentina (NYSE:LOMA) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Separately, Weiss Ratings downgraded shares of Loma Negra Compania Industrial Argentina from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Loma Negra Compania Industrial Argentina Trading Down 0.6%

Loma Negra Compania Industrial Argentina stock opened at $11.56 on Friday. The stock has a market cap of $1.35 billion, a PE ratio of 48.19, a P/E/G ratio of 0.49 and a beta of 0.76. The stock has a 50-day moving average price of $11.41 and a 200 day moving average price of $11.48. Loma Negra Compania Industrial Argentina has a 52 week low of $7.04 and a 52 week 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 earnings results on Monday, May 4th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.20. The company had revenue of $158.23 million for the quarter, compared to analyst estimates of $119.83 million. Loma Negra Compania Industrial Argentina had a net margin of 4.38% and a return on equity of 3.27%. Equities research analysts predict that Loma Negra Compania Industrial Argentina will post 0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Loma Negra Compania Industrial Argentina

Several institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its holdings in Loma Negra Compania Industrial Argentina by 5.1% in the second quarter. BNP Paribas Financial Markets now owns 31,336 shares of the company’s stock valued at $344,000 after buying an additional 1,524 shares during the period. Van ECK Associates Corp purchased a new stake in Loma Negra Compania Industrial Argentina during the third quarter worth approximately $28,000. Dodge & Cox grew its stake 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 period. Engineers Gate Manager LP increased its position in shares of Loma Negra Compania Industrial Argentina by 35.3% in 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. Finally, Verition Fund Management LLC increased its position in shares of Loma Negra Compania Industrial Argentina by 25.4% in the third quarter. Verition Fund Management LLC now owns 57,640 shares of the company’s stock worth $425,000 after acquiring an additional 11,684 shares in the last quarter. 19.32% of the stock is currently owned by institutional investors and hedge funds.

About Loma Negra Compania Industrial Argentina

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.