JPMorgan Chase & Co. Sells 53,370 Shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)

JPMorgan Chase & Co. cut its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) by 65.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,254 shares of the company’s stock after selling 53,370 shares during the quarter. JPMorgan Chase & Co.’s holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima were worth $228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. abrdn plc grew its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 1.3% in 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 during the last quarter. Stifel Financial Corp bought a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the third quarter valued at $2,053,000. Glenorchy Capital Ltd increased its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 196.9% during the 3rd quarter. Glenorchy Capital Ltd now owns 230,311 shares of the company’s stock valued at $1,856,000 after purchasing an additional 152,737 shares during the period. TT International Asset Management LTD bought a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 3rd quarter worth $386,000. Finally, Truist Financial Corp purchased a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 2nd quarter worth about $200,000. Hedge funds and other institutional investors own 19.32% of the company’s stock.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Price Performance

Shares of NYSE LOMA opened at $12.13 on Friday. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 1 year low of $5.70 and a 1 year high of $13.79. The stock has a market capitalization of $1.41 billion, a P/E ratio of 20.55 and a beta of 1.34. The company’s 50-day moving average is $12.04 and its 200 day moving average is $9.42. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.29 and a quick ratio of 0.43.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) last announced its earnings results on Wednesday, November 6th. The company reported $0.19 earnings per share (EPS) 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%. The firm had revenue of $192.07 million during the quarter. During the same period in the prior year, the company posted $0.21 EPS. On average, sell-side analysts expect that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 earnings per share for the current year.

Loma Negra Compañía Industrial Argentina Sociedad Anónima 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.