Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Trading Down 7.3% - Here's What Happened

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report)'s stock price was down 7.3% on Friday . The company traded as low as $11.54 and last traded at $11.45. Approximately 152,975 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 494,626 shares. The stock had previously closed at $12.34.

Analysts Set New Price Targets

Several brokerages recently issued reports on LOMA. 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 price target for the company in a research note on Monday, May 12th. Wall Street Zen raised shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Morgan Stanley upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $13.00 to $15.00 in a report on Tuesday, May 20th. Finally, Bank of America upgraded Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "neutral" rating to a "buy" rating and upped their price target for the stock from $11.50 to $14.00 in a research note on Wednesday, April 23rd.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Trading Down 6.5%

The stock has a market cap of $1.35 billion, a PE ratio of 19.56 and a beta of 1.10. The firm has a 50-day moving average price of $11.62 and a 200-day moving average price of $11.62. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.43 and a current ratio of 1.29.

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 business had revenue of $135.42 billion during the quarter, compared to analysts' expectations of $151 billion. As a group, equities analysts anticipate that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LOMA. SG Americas Securities LLC bought a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 4th quarter worth $109,000. INCA Investments LLC purchased a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter valued at $8,986,000. Raymond James Financial Inc. bought a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 4th quarter worth about $270,000. William Blair Investment Management LLC purchased a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 4th quarter worth about $3,867,000. Finally, Virtu Financial LLC raised its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 104.8% in the 4th quarter. Virtu Financial LLC now owns 38,800 shares of the company's stock worth $463,000 after buying an additional 19,855 shares during the last quarter. 19.32% of the stock is owned by institutional investors.

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.

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