Loma Negra Compania Industrial Argentina (NYSE:LOMA) Hits New 1-Year 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.

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Get Free Report) reached a new 52-week low during trading on Friday . The company 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 equities research analysts have recently commented on the company. Citigroup assumed coverage on Loma Negra Compania Industrial Argentina in a research note on Wednesday, June 18th. They issued a "buy" rating and a $16.00 target price on the stock. Wall Street Zen cut Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, Morgan Stanley raised Loma Negra Compania Industrial Argentina from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $13.00 to $15.00 in a research note on Tuesday, May 20th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $14.80.

Loma Negra Compania Industrial Argentina Stock Down 1.0%

The stock has a market capitalization of $879.31 million, a P/E ratio of 13.70 and a beta of 1.06. The business has a fifty day moving average price of $10.36 and a 200-day moving average price of $11.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in shares of Loma Negra Compania Industrial Argentina by 935.8% during the first quarter. GAMMA Investing LLC now owns 46,147 shares of the company's stock valued at $507,000 after purchasing an additional 41,692 shares in the last quarter. Two Sigma Advisers LP bought a new position in shares of Loma Negra Compania Industrial Argentina during the fourth quarter valued at $500,000. BNP Paribas Financial Markets lifted its holdings in shares of Loma Negra Compania Industrial Argentina by 57.5% during the fourth quarter. BNP Paribas Financial Markets now owns 19,807 shares of the company's stock valued at $236,000 after purchasing an additional 7,232 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Loma Negra Compania Industrial Argentina by 187.9% during the fourth quarter. Bank of America Corp DE now owns 150,808 shares of the company's stock valued at $1,801,000 after purchasing an additional 98,417 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in Loma Negra Compania Industrial Argentina by 576.7% in the first quarter. Cubist Systematic Strategies LLC now owns 180,122 shares of the company's stock valued at $1,980,000 after acquiring an additional 153,503 shares during the period. 19.32% of the stock is owned by institutional investors.

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.