Raymond James & Associates Acquires New Shares in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)

Jul 05, 2023

Raymond James & Associates acquired a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 19,010 shares of the company's stock, valued at approximately $132,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 4.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 48,427 shares of the company's stock valued at $246,000 after buying an additional 1,898 shares during the last quarter. UBS Group AG increased its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 103.2% in the 3rd quarter. UBS Group AG now owns 5,632 shares of the company's stock worth $35,000 after purchasing an additional 2,860 shares in the last quarter. Invesco Ltd. increased its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 2.5% in the 1st quarter. Invesco Ltd. now owns 126,048 shares of the company's stock worth $721,000 after purchasing an additional 3,094 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 3.2% in the 1st quarter. Renaissance Technologies LLC now owns 175,800 shares of the company's stock worth $1,006,000 after purchasing an additional 5,518 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 3rd quarter worth $73,000. 19.07% of the stock is owned by institutional investors.

Shares of LOMA stock opened at $6.55 on Wednesday. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 52-week low of $5.68 and a 52-week high of $7.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.00 and a current ratio of 1.68. The firm has a market capitalization of $766.87 million, a PE ratio of 131.00, a PEG ratio of 0.18 and a beta of 1.29. The stock has a fifty day simple moving average of $6.64 and a two-hundred day simple moving average of $6.72.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) last issued its quarterly earnings results on Friday, May 5th. The company reported $0.24 earnings per share (EPS) for the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a return on equity of 0.50% and a net margin of 0.44%. The business had revenue of $211.80 million during the quarter. On average, analysts predict that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.15 EPS for the current fiscal year.

The business also recently disclosed a Variable dividend, which was paid on Wednesday, July 12th. Shareholders of record on Monday, July 3rd were paid a dividend of $0.4648 per share. The ex-dividend date of this dividend was Friday, June 30th. Loma Negra Compañía Industrial Argentina Sociedad Anónima's payout ratio is currently 1,100.00%.

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.

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