Loma Negra Compania Industrial Argentina (NYSE:LOMA) Shares Down 7.6% - Should You Sell?

Key Points

• Loma Negra Compania Industrial Argentina's shares fell by 7.6% to $11.40, with trading volume down 21% from average levels.
• Analysts have a consensus rating of "Moderate Buy" for Loma Negra, with an average price target of $14.80, reflecting a positive outlook despite recent stock performance.
• Institutional investors have increased their holdings significantly, with notable purchases including INCA Investments LLC boosting its stake by 147.2%.

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Get Free Report)'s share price dropped 7.6% on Friday . The stock traded as low as $11.48 and last traded at $11.40. Approximately 304,786 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 384,912 shares. The stock had previously closed at $12.33.

Wall Street Analysts Forecast Growth

LOMA has been the subject of several analyst reports. Morgan Stanley upgraded Loma Negra Compania Industrial Argentina from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $13.00 to $15.00 in a research report on Tuesday, May 20th. Wall Street Zen cut shares of Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Citigroup assumed coverage on Loma Negra Compania Industrial Argentina in a research report on Wednesday, June 18th. They set a "buy" rating and a $16.00 price objective on the stock. Bank of America raised shares of Loma Negra Compania Industrial Argentina from a "neutral" rating to a "buy" rating and raised their target price for the company from $11.50 to $14.00 in a report on Wednesday, April 23rd. Finally, Itau BBA Securities raised Loma Negra Compania Industrial Argentina from a "market perform" rating to an "outperform" rating and set a $14.20 price target for the company in a report on Monday, May 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $14.80.

Loma Negra Compania Industrial Argentina Price Performance

The company has a fifty day moving average price of $11.47 and a two-hundred day moving average price of $11.39. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 13.39 and a beta of 1.01. The company has a quick ratio of 0.23, a current ratio of 0.90 and a debt-to-equity ratio of 0.02.

Loma Negra Compania Industrial Argentina (NYSE:LOMA - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.05. Loma Negra Compania Industrial Argentina had a net margin of 14.52% and a return on equity of 12.51%. The company had revenue of $135.42 billion for the quarter, compared to analysts' expectations of $151 billion. On average, equities research analysts expect that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 1.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Loma Negra Compania Industrial Argentina

Institutional investors have recently made changes to their positions in the stock. Fourth Sail Capital LP purchased a new position in Loma Negra Compania Industrial Argentina in the first quarter valued at about $14,735,000. INCA Investments LLC increased its stake in shares of Loma Negra Compania Industrial Argentina by 147.2% during the 1st quarter. INCA Investments LLC now owns 1,860,276 shares of the company's stock worth $20,444,000 after purchasing an additional 1,107,669 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Loma Negra Compania Industrial Argentina by 89.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,387,794 shares of the company's stock worth $16,570,000 after acquiring an additional 655,533 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new position in Loma Negra Compania Industrial Argentina in the 1st quarter valued at about $4,161,000. Finally, Brevan Howard Capital Management LP purchased a new position in shares of Loma Negra Compania Industrial Argentina during the fourth quarter valued at approximately $4,516,000. 19.32% of the stock is currently 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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