Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Sets New 12-Month High – Here’s What Happened

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $9.04 and last traded at $9.01, with a volume of 311720 shares traded. The stock had previously closed at $8.63.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Up 5.0 %

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.35 and a current ratio of 1.22. The company’s 50-day moving average price is $7.87 and its 200 day moving average price is $7.27. The stock has a market capitalization of $1.06 billion, a P/E ratio of 14.90 and a beta of 1.33.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.29 EPS for the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a return on equity of 9.15% and a net margin of 9.06%. The business had revenue of $153.80 million for the quarter. As a group, equities analysts expect that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.75 earnings per share for the current year.

Institutional Investors Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima

Several institutional investors and hedge funds have recently modified their holdings of LOMA. Capital International Investors lifted its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 4.1% in the 1st quarter. Capital International Investors now owns 7,681,037 shares of the company’s stock worth $51,309,000 after purchasing an additional 304,584 shares in the last quarter. Mak Capital One LLC grew its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 153.2% in the second quarter. Mak Capital One LLC now owns 1,823,913 shares of the company’s stock valued at $12,330,000 after purchasing an additional 1,103,515 shares in the last quarter. abrdn plc raised its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 1.3% during the third quarter. abrdn plc now owns 1,250,500 shares of the company’s stock valued at $10,079,000 after purchasing an additional 16,300 shares in the last quarter. Long Focus Capital Management LLC lifted its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 9.2% during the second quarter. Long Focus Capital Management LLC now owns 237,600 shares of the company’s stock valued at $1,606,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Glenorchy Capital Ltd increased its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 196.9% in the 3rd quarter. Glenorchy Capital Ltd now owns 230,311 shares of the company’s stock worth $1,856,000 after buying an additional 152,737 shares during the last quarter. Institutional investors own 19.32% of the company’s stock.

About Loma Negra Compañía Industrial Argentina Sociedad Anónima

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