A.R.T. Advisors LLC Invests $377,000 in Loma Negra Compania Indl Argentina SA (LOMA)

A.R.T. Advisors LLC acquired a new position in shares of Loma Negra Compania Indl Argentina SA (NYSE:LOMA) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 17,700 shares of the company’s stock, valued at approximately $377,000.

Several other large investors have also modified their holdings of the stock. Wells Fargo & Company MN acquired a new position in Loma Negra Compania Indl Argentina in the 4th quarter valued at about $14,248,000. BlackRock Inc. acquired a new position in Loma Negra Compania Indl Argentina in the 4th quarter valued at about $21,296,000. OppenheimerFunds Inc. acquired a new position in Loma Negra Compania Indl Argentina in the 4th quarter valued at about $6,612,000. Lazard Asset Management LLC acquired a new position in Loma Negra Compania Indl Argentina in the 4th quarter valued at about $7,641,000. Finally, Highland Capital Management LP acquired a new position in Loma Negra Compania Indl Argentina in the 4th quarter valued at about $4,748,000. 39.12% of the stock is owned by hedge funds and other institutional investors.

LOMA stock opened at $11.52 on Friday. The company has a market cap of $1.35 billion and a P/E ratio of 13.32. Loma Negra Compania Indl Argentina SA has a fifty-two week low of $9.20 and a fifty-two week high of $26.89. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.17 and a quick ratio of 0.76.

Loma Negra Compania Indl Argentina (NYSE:LOMA) last posted its earnings results on Tuesday, May 8th. The company reported $0.22 earnings per share for the quarter. The firm had revenue of $230.85 million during the quarter. Loma Negra Compania Indl Argentina had a return on equity of 54.78% and a net margin of 10.55%. sell-side analysts anticipate that Loma Negra Compania Indl Argentina SA will post 0.8 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on LOMA shares. Morgan Stanley started coverage on Loma Negra Compania Indl Argentina in a research note on Wednesday, May 30th. They issued an “overweight” rating and a $20.00 price objective for the company. Itau BBA Securities decreased their price objective on Loma Negra Compania Indl Argentina from $26.00 to $17.00 and set an “outperform” rating for the company in a research note on Friday, May 25th. Zacks Investment Research upgraded Loma Negra Compania Indl Argentina from a “sell” rating to a “hold” rating in a research note on Saturday, May 26th. UBS Group cut Loma Negra Compania Indl Argentina from a “buy” rating to a “sell” rating in a research note on Monday, May 14th. Finally, HSBC upgraded Loma Negra Compania Indl Argentina from a “hold” rating to a “buy” rating and set a $21.50 price objective for the company in a research note on Tuesday, May 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $21.13.

Loma Negra Compania Indl Argentina Company 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, aggregates, 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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