29,548 Shares in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Acquired by Truist Financial Corp

Truist Financial Corp purchased a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 29,548 shares of the company’s stock, valued at approximately $200,000.

Several other institutional investors also recently bought and sold shares of the company. Capital International Investors increased its holdings in shares of 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 valued at $51,309,000 after acquiring an additional 304,584 shares during the period. Mak Capital One LLC grew its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 153.2% during the 2nd quarter. Mak Capital One LLC now owns 1,823,913 shares of the company’s stock worth $12,330,000 after buying an additional 1,103,515 shares during the last quarter. Long Focus Capital Management LLC lifted its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 9.2% during the 2nd quarter. Long Focus Capital Management LLC now owns 237,600 shares of the company’s stock worth $1,606,000 after acquiring an additional 20,000 shares during the period. Ping Capital Management Inc. acquired a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 2nd quarter worth about $703,000. Finally, Liontrust Investment Partners LLP acquired a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 2nd quarter worth about $270,000. 19.32% of the stock is currently owned by hedge funds and other institutional investors.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance

Shares of LOMA stock opened at $8.05 on Friday. The company has a quick ratio of 0.35, a current ratio of 1.22 and a debt-to-equity ratio of 0.20. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 52-week low of $5.64 and a 52-week high of $9.00. The business has a 50-day simple moving average of $7.76 and a 200-day simple moving average of $7.23. The stock has a market cap of $939.72 million, a PE ratio of 19.63 and a beta of 1.33.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.29 earnings per share 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 firm had revenue of $153.80 million during the quarter. On average, equities analysts expect that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.75 EPS for the current year.

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.