Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Stock Price Up 6.4% – Time to Buy?

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)’s share price was up 6.4% during trading on Wednesday . The company traded as high as $11.00 and last traded at $10.95. Approximately 101,129 shares traded hands during trading, a decline of 81% from the average daily volume of 532,936 shares. The stock had previously closed at $10.29.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Up 7.3 %

The business has a fifty day simple moving average of $11.39 and a 200 day simple moving average of $10.47. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 18.72 and a beta of 1.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.29 and a quick ratio of 0.43.

Hedge Funds Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima

Hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 89.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,387,794 shares of the company’s stock valued at $16,570,000 after purchasing an additional 655,533 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter valued at approximately $15,543,000. INCA Investments LLC acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter valued at approximately $8,986,000. Glenorchy Capital Ltd increased its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 100.8% in the fourth quarter. Glenorchy Capital Ltd now owns 462,366 shares of the company’s stock valued at $5,521,000 after purchasing an additional 232,055 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 100.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 460,315 shares of the company’s stock valued at $5,496,000 after purchasing an additional 231,007 shares during the last quarter. Institutional investors and hedge funds own 19.32% of the company’s stock.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Company Profile

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.