Short Interest in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Grows By 15.8%

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMAGet Free Report) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 355,900 shares, an increase of 15.8% from the December 31st total of 307,300 shares. Based on an average daily trading volume, of 335,600 shares, the short-interest ratio is currently 1.1 days.

Analysts Set New Price Targets

Separately, UBS Group cut their target price on shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from $7.50 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, November 16th.

View Our Latest Analysis on Loma Negra Compañía Industrial Argentina Sociedad Anónima

Loma Negra Compañía Industrial Argentina Sociedad Anónima Price Performance

Shares of LOMA opened at $7.20 on Wednesday. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a fifty-two week low of $5.64 and a fifty-two week high of $7.43. The firm’s 50 day moving average price is $6.78 and its 200 day moving average price is $6.45. The company has a market cap of $839.94 million, a P/E ratio of 7.65, a PEG ratio of 0.08 and a beta of 1.50. The company has a quick ratio of 0.52, a current ratio of 0.98 and a debt-to-equity ratio of 0.22.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMAGet Free Report) last announced its earnings results on Wednesday, November 8th. The company reported $0.21 earnings per share for the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a net margin of 11.96% and a return on equity of 14.59%. The firm had revenue of $242.35 million for the quarter. On average, research analysts forecast that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima

A number of large investors have recently modified their holdings of LOMA. RWC Asset Management LLP increased its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 167.8% in the 3rd quarter. RWC Asset Management LLP now owns 1,259,956 shares of the company’s stock valued at $7,598,000 after purchasing an additional 789,477 shares during the last quarter. Eaton Vance Management purchased a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 1st quarter valued at approximately $2,796,000. Morgan Stanley increased its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 180.9% in the 4th quarter. Morgan Stanley now owns 650,370 shares of the company’s stock valued at $4,455,000 after purchasing an additional 418,875 shares during the last quarter. Sagil Capital LLP increased its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 174.6% in the 3rd quarter. Sagil Capital LLP now owns 505,181 shares of the company’s stock valued at $3,046,000 after purchasing an additional 321,224 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 258.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 400,270 shares of the company’s stock valued at $2,782,000 after purchasing an additional 288,633 shares during the last quarter. 19.07% of the stock is owned by hedge funds and other institutional investors.

About Loma Negra Compañía Industrial Argentina Sociedad Anónima

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Loma Negra Compañía Industrial Argentina Sociedad Anónima Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Loma Negra Compañía Industrial Argentina Sociedad Anónima and related companies with MarketBeat.com's FREE daily email newsletter.