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

Key Points

• Loma Negra Compania Industrial Argentina reached a new 52-week low of $7.04 during trading, closing at $7.23 with a trading volume of 115,766 shares.
• Analysts have mixed ratings on Loma Negra, with Citigroup giving a "buy" rating and a $16.00 price target, while Wall Street Zen downgraded the stock to a "hold."
• Institutional investors have recently increased their stakes in Loma Negra, with significant raises from Engineers Gate Manager LP and Balyasny Asset Management LP during the second quarter.

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $7.04 and last traded at $7.23, with a volume of 115766 shares trading hands. The stock had previously closed at $7.13.

Analyst Ratings Changes

LOMA has been the subject of several recent research reports. Citigroup initiated coverage on shares of Loma Negra Compania Industrial Argentina in a research report on Wednesday, June 18th. They issued a "buy" rating and a $16.00 price target for the company. 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. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $14.80.

Loma Negra Compania Industrial Argentina Trading Up 1.5%

The company has a 50 day simple moving average of $9.60 and a 200 day simple moving average of $10.74. The stock has a market capitalization of $844.91 million, a PE ratio of 13.15 and a beta of 0.98.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP raised its holdings in Loma Negra Compania Industrial Argentina by 35.3% during the second quarter. Engineers Gate Manager LP now owns 24,773 shares of the company's stock worth $272,000 after purchasing an additional 6,463 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Loma Negra Compania Industrial Argentina by 5.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 31,336 shares of the company's stock worth $344,000 after buying an additional 1,524 shares in the last quarter. Balyasny Asset Management L.P. raised 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 worth $1,555,000 after buying an additional 49,567 shares in the last quarter. Insigneo Advisory Services LLC raised its position in Loma Negra Compania Industrial Argentina by 89.6% in the second quarter. Insigneo Advisory Services LLC now owns 23,342 shares of the company's stock worth $256,000 after acquiring an additional 11,031 shares in the last quarter. Finally, Sagil Capital LLP purchased a new position in Loma Negra Compania Industrial Argentina in the second quarter worth $2,771,000. 19.32% of the stock is owned by hedge funds and other 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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