Short Interest in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Drops By 57.0%

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totalling 376,200 shares, a drop of 57.0% from the April 30th total of 874,700 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 367,900 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of Loma Negra Compañía Industrial Argentina Sociedad Anónima

Several large investors have recently added to or reduced their stakes in LOMA. Fourth Sail Capital LP bought a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the first quarter valued at $14,735,000. Arrowstreet Capital Limited Partnership bought a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter valued at $15,543,000. INCA Investments LLC boosted its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 147.2% in the first quarter. INCA Investments LLC now owns 1,860,276 shares of the company's stock valued at $20,444,000 after acquiring an additional 1,107,669 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 89.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,387,794 shares of the company's stock valued at $16,570,000 after acquiring an additional 655,533 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the first quarter valued at $4,161,000. Institutional investors own 19.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on LOMA shares. Morgan Stanley raised shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $13.00 to $15.00 in a research note on Tuesday, May 20th. Itau BBA Securities upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "market perform" rating to an "outperform" rating and set a $14.20 target price on the stock in a report on Monday, May 12th. Finally, Bank of America upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "neutral" rating to a "buy" rating and raised their target price for the stock from $11.50 to $14.00 in a report on Wednesday, April 23rd.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Trading Down 2.2%

Shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima stock traded down $0.29 on Monday, hitting $12.39. The stock had a trading volume of 260,212 shares, compared to its average volume of 497,816. The company has a quick ratio of 0.43, a current ratio of 1.29 and a debt-to-equity ratio of 0.19. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a one year low of $5.70 and a one year high of $14.17. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 20.99 and a beta of 1.14. The stock's 50-day simple moving average is $11.43 and its two-hundred day simple moving average is $11.56.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.05. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a net margin of 9.42% and a return on equity of 8.60%. The firm had revenue of $135.42 billion for the quarter, compared to analysts' expectations of $151 billion. As a group, sell-side analysts predict that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 EPS for the current year.

About Loma Negra Compañía Industrial Argentina Sociedad Anónima

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.