Ping Capital Management Inc. Has $1.21 Million Holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)

Ping Capital Management Inc. lowered its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) by 6.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 101,000 shares of the company’s stock after selling 7,000 shares during the period. Loma Negra Compañía Industrial Argentina Sociedad Anónima accounts for about 0.3% of Ping Capital Management Inc.’s holdings, making the stock its 21st biggest holding. Ping Capital Management Inc.’s holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima were worth $1,206,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in LOMA. Truist Financial Corp bought a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the second quarter worth about $200,000. Glenorchy Capital Ltd increased its stake in 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 valued at $1,856,000 after buying an additional 152,737 shares during the last quarter. abrdn plc lifted its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 1.3% during the 3rd quarter. abrdn plc now owns 1,250,500 shares of the company’s stock worth $10,079,000 after buying an additional 16,300 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 314,275.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,575 shares of the company’s stock worth $101,000 after buying an additional 12,571 shares during the last quarter. Finally, Stifel Financial Corp bought a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 3rd quarter valued at about $2,053,000. Institutional investors own 19.32% of the company’s stock.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance

LOMA opened at $12.11 on Wednesday. The business’s 50-day simple moving average is $12.06 and its 200 day simple moving average is $9.53. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 52-week low of $5.70 and a 52-week high of $13.79. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.43 and a current ratio of 1.29. The firm has a market capitalization of $1.41 billion, a PE ratio of 20.53 and a beta of 1.33.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.19 earnings per share (EPS) for the quarter. The company had revenue of $192.07 million for the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a return on equity of 8.60% and a net margin of 9.42%. During the same quarter in the prior year, the company earned $0.21 EPS. As a group, sell-side analysts expect that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 earnings per share for the current fiscal year.

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.