Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA – Get Free Report) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 521,900 shares, a decline of 23.7% from the June 30th total of 684,100 shares. Based on an average daily trading volume, of 460,600 shares, the short-interest ratio is presently 1.1 days.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on LOMA shares. Bank of America upgraded Loma Negra Compañía Industrial Argentina Sociedad Anónima from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $7.10 to $8.10 in a research report on Monday, April 8th. UBS Group lowered shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $6.00 to $5.00 in a report on Thursday, April 4th.
Check Out Our Latest Stock Report on Loma Negra Compañía Industrial Argentina Sociedad Anónima
Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Up 0.6 %
Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA – Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.52 earnings per share for the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a return on equity of 6.34% and a net margin of 5.68%. The company had revenue of $137.71 million for the quarter. During the same period in the previous year, the business earned $0.24 EPS. Sell-side analysts anticipate that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.79 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in LOMA. Liontrust Investment Partners LLP acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 2nd quarter valued at approximately $270,000. Virtu Financial LLC increased its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 272.8% in the 1st quarter. Virtu Financial LLC now owns 37,799 shares of the company’s stock valued at $252,000 after acquiring an additional 27,660 shares during the period. Capital International Investors increased its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 4.1% in the 1st quarter. Capital International Investors now owns 7,681,037 shares of the company’s stock valued at $51,309,000 after acquiring an additional 304,584 shares during the period. Deuterium Capital Management LLC purchased a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 1st quarter worth $67,000. Finally, Jump Financial LLC lifted its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 41.8% during the 4th quarter. Jump Financial LLC now owns 55,602 shares of the company’s stock worth $394,000 after acquiring an additional 16,402 shares during the period. 19.32% of the stock is owned by institutional investors and hedge funds.
Loma Negra Compañía Industrial Argentina Sociedad Anónima 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.
See Also
- Five stocks we like better than Loma Negra Compañía Industrial Argentina Sociedad Anónima
- Buy P&G Now, Before It Sets A New All-Time High
- Why Call Options Volume for These 2 Stocks Spiked Together
- How to Use the MarketBeat Dividend Calculator
- MarketBeat Week in Review – 7/22 – 7/26
- How to Invest in the Best Canadian Stocks
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
Receive News & Ratings for Loma Negra Compañía Industrial Argentina Sociedad Anónima Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Loma Negra Compañía Industrial Argentina Sociedad Anónima and related companies with MarketBeat.com's FREE daily email newsletter.