Loma Negra Compania Industrial Argentina (NYSE:LOMA) Shares Down 4.4% - Here's Why

Shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Get Free Report) traded down 4.4% during trading on Wednesday . The company traded as low as $10.92 and last traded at $10.96. 53,264 shares were traded during trading, a decline of 86% from the average session volume of 383,719 shares. The stock had previously closed at $11.46.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Bank of America raised Loma Negra Compania Industrial Argentina from a "neutral" rating to a "buy" rating and lifted their price target for the company from $11.50 to $14.00 in a research note on Wednesday, April 23rd. Citigroup started coverage on Loma Negra Compania Industrial Argentina in a research note on Wednesday, June 18th. They set 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 research note on Saturday, June 14th. Itau BBA Securities raised Loma Negra Compania Industrial Argentina from a "market perform" rating to an "outperform" rating and set a $14.20 price objective on the stock in a research note on Monday, May 12th. Finally, Morgan Stanley raised Loma Negra Compania Industrial Argentina from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $13.00 to $15.00 in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $14.80.

Loma Negra Compania Industrial Argentina Stock Performance

The stock has a 50 day moving average of $11.90 and a 200 day moving average of $11.48. The company has a quick ratio of 0.23, a current ratio of 0.90 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 12.56 and a beta of 1.05.

Loma Negra Compania Industrial Argentina (NYSE:LOMA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.05. Loma Negra Compania Industrial Argentina had a return on equity of 12.51% and a net margin of 14.52%. The company had revenue of $135.42 billion for the quarter, compared to analyst estimates of $151 billion. As a group, analysts predict that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 1.25 EPS for the current year.

Hedge Funds Weigh In On Loma Negra Compania Industrial Argentina

Several institutional investors have recently added to or reduced their stakes in the business. Systrade AG lifted its stake in Loma Negra Compania Industrial Argentina by 1,714.2% in the second quarter. Systrade AG now owns 217,699 shares of the company's stock valued at $2,388,000 after buying an additional 205,699 shares during the period. Crocodile Capital Partners GmbH acquired a new position in Loma Negra Compania Industrial Argentina in the second quarter valued at approximately $768,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Loma Negra Compania Industrial Argentina by 9.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,525,857 shares of the company's stock valued at $16,769,000 after buying an additional 138,063 shares during the period. Cubist Systematic Strategies LLC lifted its stake 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 buying an additional 153,503 shares during the period. Finally, Activest Wealth Management lifted its stake in Loma Negra Compania Industrial Argentina by 0.9% in the first quarter. Activest Wealth Management now owns 169,538 shares of the company's stock valued at $1,863,000 after buying an additional 1,563 shares during the period. 19.32% of the stock is owned by institutional investors and hedge funds.

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.