Loma Negra Compania Industrial Argentina (NYSE:LOMA) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Loma Negra Compania Industrial Argentina (NYSE:LOMA - Free Report) from a buy rating to a hold rating in a research report sent to investors on Saturday.

Several other equities research analysts have also issued reports on LOMA. Bank of America raised Loma Negra Compania Industrial Argentina from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $11.50 to $14.00 in a research note on Wednesday, April 23rd. Morgan Stanley raised Loma Negra Compania Industrial Argentina from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $13.00 to $15.00 in a research note on Tuesday, May 20th. Finally, Itau BBA Securities raised Loma Negra Compania Industrial Argentina from a "market perform" rating to an "outperform" rating and set a $14.20 price objective for the company in a research note on Monday, May 12th.

Loma Negra Compania Industrial Argentina Price Performance

NYSE LOMA traded down $0.10 during trading hours on Friday, hitting $11.25. The company had a trading volume of 373,641 shares, compared to its average volume of 494,879. Loma Negra Compania Industrial Argentina has a 52 week low of $5.70 and a 52 week high of $14.17. The firm has a 50 day simple moving average of $11.80 and a 200 day simple moving average of $11.63. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.23 and a current ratio of 0.90. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 13.39 and a beta of 1.10.

Loma Negra Compania Industrial Argentina (NYSE:LOMA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.05. The company had revenue of $135.42 billion during the quarter, compared to analyst estimates of $151 billion. Loma Negra Compania Industrial Argentina had a return on equity of 12.51% and a net margin of 14.52%. Equities research analysts expect that Loma Negra Compania Industrial Argentina will post 1.25 earnings per share for the current year.

Institutional Investors Weigh In On Loma Negra Compania Industrial Argentina

Several hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Loma Negra Compania Industrial Argentina by 9.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,525,857 shares of the company's stock worth $16,769,000 after purchasing an additional 138,063 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Loma Negra Compania Industrial Argentina by 576.7% in the first quarter. Cubist Systematic Strategies LLC now owns 180,122 shares of the company's stock worth $1,980,000 after buying an additional 153,503 shares during the period. Activest Wealth Management increased its holdings in shares of Loma Negra Compania Industrial Argentina by 0.9% in the first quarter. Activest Wealth Management now owns 169,538 shares of the company's stock worth $1,863,000 after buying an additional 1,563 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Loma Negra Compania Industrial Argentina in the first quarter worth about $445,000. Finally, Simplex Trading LLC increased its holdings in shares of Loma Negra Compania Industrial Argentina by 23.2% in the first quarter. Simplex Trading LLC now owns 19,725 shares of the company's stock worth $216,000 after buying an additional 3,711 shares during the period. Institutional investors own 19.32% of the company's stock.

Loma Negra Compania Industrial Argentina 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.