Loma Negra Compania Industrial Argentina (NYSE:LOMA) Shares Down 1.7% – Here’s Why

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) was down 1.7% during trading on Tuesday . The stock traded as low as $10.81 and last traded at $11.1050. Approximately 534,665 shares changed hands during mid-day trading, an increase of 72% from the average daily volume of 310,968 shares. The stock had previously closed at $11.30.

Analyst Ratings Changes

A number of equities analysts recently weighed in on LOMA shares. Wall Street Zen downgraded shares of Loma Negra Compania Industrial Argentina from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of Loma Negra Compania Industrial Argentina in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $14.80.

Loma Negra Compania Industrial Argentina Price Performance

The company has a current ratio of 1.24, a quick ratio of 0.61 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $12.30 and a 200-day simple moving average of $10.59.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.11). The company had revenue of $135.15 million during the quarter, compared to analyst estimates of $221.70 million. Loma Negra Compania Industrial Argentina had a net margin of 5.67% and a return on equity of 4.40%. On average, sell-side analysts forecast that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 1.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Loma Negra Compania Industrial Argentina

Hedge funds have recently bought and sold shares of the stock. ABS Direct Equity Fund LLC bought a new stake in shares of Loma Negra Compania Industrial Argentina during the fourth quarter worth approximately $1,347,000. Pictet Asset Management Holding SA acquired a new stake in Loma Negra Compania Industrial Argentina during the 4th quarter worth approximately $619,000. UBS Group AG boosted its stake in Loma Negra Compania Industrial Argentina by 71.7% in the 4th quarter. UBS Group AG now owns 194,838 shares of the company’s stock valued at $2,523,000 after purchasing an additional 81,352 shares during the period. Fundamenta Capital S.A. acquired a new position in Loma Negra Compania Industrial Argentina in the 4th quarter valued at $13,087,000. Finally, Verition Fund Management LLC increased its position in Loma Negra Compania Industrial Argentina by 25.4% during the 3rd quarter. Verition Fund Management LLC now owns 57,640 shares of the company’s stock worth $425,000 after buying an additional 11,684 shares during the period. 19.32% of the stock is currently owned by institutional investors and hedge funds.

About Loma Negra Compania Industrial Argentina

Loma Negra Compañía Industrial Argentina SA is the leading cement producer in Argentina, with a history dating back to its founding in Buenos Aires in 1926. The company operates an integrated network of cement and lime plants, as well as quarries and ready-mix concrete facilities. Its operations encompass the extraction of limestone, the production of clinker, hydraulic cement and quicklime, and the distribution of aggregates and concrete for a wide range of construction projects.

The company’s product portfolio serves residential, commercial, industrial and public infrastructure markets across Argentina.