Loma Negra Compania Industrial Argentina (NYSE:LOMA) Cut to "Sell" at Wall Street Zen

Key Points

• Loma Negra Compania Industrial Argentina has been downgraded from a "hold" to a "sell" rating by Wall Street Zen and from "hold (c-)" to "sell (d+)" by Weiss Ratings.
• The stock currently has a market capitalization of $921.93 million and a consensus rating of "Moderate Buy" with an average price target of $14.80.
• Institutional investors have been active, with Clear Creek Financial Management purchasing a new position valued at $211,000 and INCA Investments increasing its holdings by 147.2% in Q1.

Loma Negra Compania Industrial Argentina (NYSE:LOMA - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

Separately, Weiss Ratings lowered shares of Loma Negra Compania Industrial Argentina from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $14.80.

Loma Negra Compania Industrial Argentina Stock Performance

LOMA stock opened at $7.90 on Friday. Loma Negra Compania Industrial Argentina has a fifty-two week low of $7.04 and a fifty-two week high of $14.17. The company's 50 day moving average price is $8.30 and its 200 day moving average price is $10.39. The firm has a market capitalization of $921.93 million, a price-to-earnings ratio of 14.36 and a beta of 0.98.

Institutional Trading of Loma Negra Compania Industrial Argentina

Institutional investors have recently modified their holdings of the stock. Clear Creek Financial Management LLC purchased a new position in shares of Loma Negra Compania Industrial Argentina in the 1st quarter valued at $211,000. INCA Investments LLC grew its holdings in shares of Loma Negra Compania Industrial Argentina by 147.2% during the first quarter. INCA Investments LLC now owns 1,860,276 shares of the company's stock worth $20,444,000 after purchasing an additional 1,107,669 shares during the last quarter. Ping Capital Management Inc. increased its position in shares of Loma Negra Compania Industrial Argentina by 32.7% during the first quarter. Ping Capital Management Inc. now owns 134,000 shares of the company's stock worth $1,473,000 after purchasing an additional 33,000 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of Loma Negra Compania Industrial Argentina in the 1st quarter valued at about $4,161,000. Finally, Deuterium Capital Management LLC acquired a new stake in shares of Loma Negra Compania Industrial Argentina in the 1st quarter valued at about $110,000. Hedge funds and other 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.

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