Loma Negra Compania Industrial Argentina (NYSE:LOMA) Sees Large Volume Increase - What's Next?

Key Points

• Loma Negra Compania Industrial Argentina experienced a significant trading volume increase of 226% on Monday, with 1,549,489 shares traded, finishing at $8.24 per share.
• Analysts have mixed views on the stock; while Citigroup has a "buy" rating with a price target of $16.00, Weiss Ratings downgraded it from "hold" to "sell".
• Approximately 19.32% of Loma Negra's stock is owned by institutional investors, with notable increases in holdings from firms such as Crocodile Capital Partners and Systrade AG in recent quarters.

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Get Free Report) shares saw strong trading volume on Monday . 1,549,489 shares were traded during trading, an increase of 226% from the previous session's volume of 476,033 shares.The stock last traded at $8.24 and had previously closed at $7.70.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LOMA. Weiss Ratings downgraded Loma Negra Compania Industrial Argentina from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, October 8th. Citigroup began coverage on Loma Negra Compania Industrial Argentina in a research note on Wednesday, June 18th. They issued a "buy" rating and a $16.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.80.

Loma Negra Compania Industrial Argentina Stock Performance

The firm has a fifty day moving average price of $9.02 and a 200 day moving average price of $10.57. The firm has a market capitalization of $977.92 million, a price-to-earnings ratio of 15.24 and a beta of 0.98.

Hedge Funds Weigh In On Loma Negra Compania Industrial Argentina

Several institutional investors have recently bought and sold shares of the stock. Crocodile Capital Partners GmbH raised its stake in shares of Loma Negra Compania Industrial Argentina by 42.5% in the third quarter. Crocodile Capital Partners GmbH now owns 99,736 shares of the company's stock valued at $735,000 after acquiring an additional 29,736 shares during the last quarter. Systrade AG raised its stake in shares of Loma Negra Compania Industrial Argentina by 75.9% during the third quarter. Systrade AG now owns 382,944 shares of the company's stock valued at $2,822,000 after acquiring an additional 165,245 shares during the last quarter. Engineers Gate Manager LP increased its stake in Loma Negra Compania Industrial Argentina by 35.3% in the second quarter. Engineers Gate Manager LP now owns 24,773 shares of the company's stock valued at $272,000 after purchasing an additional 6,463 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Loma Negra Compania Industrial Argentina by 5.1% during the second quarter. BNP Paribas Financial Markets now owns 31,336 shares of the company's stock worth $344,000 after purchasing an additional 1,524 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Loma Negra Compania Industrial Argentina by 53.8% during the 2nd quarter. Balyasny Asset Management L.P. now owns 141,765 shares of the company's stock valued at $1,555,000 after buying an additional 49,567 shares in the last quarter. 19.32% of the stock is currently owned by institutional investors.

About Loma Negra Compania Industrial Argentina

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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