Loma Negra Compania Industrial Argentina (NYSE:LOMA) Hits New 12-Month Low - Time to Sell?

Key Points

• Loma Negra Compania Industrial Argentina's stock reached a new 52-week low of $7.61, with recent trading at $7.65 and a notable drop of 4.9%.
• Analyst ratings for Loma Negra are mixed, with Citigroup initiating coverage with a "buy" rating and a price target of $16.00, while Wall Street Zen downgraded it to "hold".
• Institutional investors have increased their stakes, with INCA Investments and MIRAE ASSET among those boosting their holdings in the company significantly over the past quarters.

Shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Get Free Report) reached a new 52-week low on Friday . The stock traded as low as $7.61 and last traded at $7.65, with a volume of 104834 shares. The stock had previously closed at $7.90.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Citigroup assumed coverage on Loma Negra Compania Industrial Argentina in a report on Wednesday, June 18th. They issued a "buy" rating and a $16.00 price target on the stock. Wall Street Zen lowered Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, Morgan Stanley upgraded Loma Negra Compania Industrial Argentina from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $13.00 to $15.00 in a report on Tuesday, May 20th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $14.80.

Loma Negra Compania Industrial Argentina Price Performance

The business has a 50-day moving average of $10.28 and a 200-day moving average of $10.98. The firm has a market cap of $868.83 million, a price-to-earnings ratio of 13.54 and a beta of 1.06.

Hedge Funds Weigh In On Loma Negra Compania Industrial Argentina

Institutional investors have recently bought and sold shares of the business. Deuterium Capital Management LLC acquired a new position in Loma Negra Compania Industrial Argentina during the first quarter worth approximately $110,000. Y Intercept Hong Kong Ltd acquired a new position in Loma Negra Compania Industrial Argentina during the second quarter worth approximately $121,000. Insigneo Advisory Services LLC acquired a new position in Loma Negra Compania Industrial Argentina during the first quarter worth approximately $135,000. Evolution Wealth Advisors LLC acquired a new position in Loma Negra Compania Industrial Argentina during the first quarter worth approximately $143,000. Finally, Clear Creek Financial Management LLC acquired a new position in Loma Negra Compania Industrial Argentina during the first quarter worth approximately $211,000. Institutional investors and hedge funds 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.