Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Sees Significant Drop in Short Interest

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) was the target of a large 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. Approximately 0.3% of the company's stock are sold short. Based on an average trading volume of 367,900 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of Loma Negra Compañía Industrial Argentina Sociedad Anónima

A number of large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter valued at approximately $109,000. Deuterium Capital Management LLC purchased a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the first quarter valued at approximately $110,000. Insigneo Advisory Services LLC bought a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the first quarter valued at $135,000. Evolution Wealth Advisors LLC bought a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the first quarter valued at $143,000. Finally, Clear Creek Financial Management LLC purchased a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the first quarter worth $211,000. Hedge funds and other institutional investors own 19.32% of the company's stock.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance

LOMA stock traded down $0.41 during midday trading on Friday, hitting $12.63. The company's stock had a trading volume of 609,914 shares, compared to its average volume of 498,592. The stock's 50-day moving average price is $11.39 and its 200 day moving average price is $11.52. 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 1 year low of $5.70 and a 1 year high of $14.17. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 21.41 and a beta of 1.14.

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LOMA. 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 objective for the stock from $13.00 to $15.00 in a report on Tuesday, May 20th. Bank of America upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $11.50 to $14.00 in a report on Wednesday, April 23rd. Finally, Itau BBA Securities raised shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "market perform" rating to an "outperform" rating and set a $14.20 price objective for the company in a research report on Monday, May 12th.

Loma Negra Compañía Industrial Argentina Sociedad Anónima 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.