Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Short Interest Up 30.5% in April

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMAGet Free Report) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 439,200 shares, an increase of 30.5% from the April 15th total of 336,500 shares. Based on an average daily trading volume, of 519,100 shares, the short-interest ratio is presently 0.8 days.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Price Performance

Shares of NYSE:LOMA traded up $0.40 during trading on Wednesday, reaching $7.55. The company had a trading volume of 499,410 shares, compared to its average volume of 467,550. The firm’s fifty day moving average is $7.06 and its 200 day moving average is $6.75. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.44 and a current ratio of 1.09. The firm has a market capitalization of $881.39 million, a PE ratio of 18.42, a price-to-earnings-growth ratio of 0.32 and a beta of 1.44. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a twelve month low of $5.64 and a twelve month high of $7.87.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMAGet Free Report) last announced 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 5.92% and a net margin of 5.68%. The business had revenue of $137.71 million during the quarter. During the same quarter last year, the company earned $0.24 EPS. On average, equities analysts forecast that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.81 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LOMA shares. UBS Group lowered Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $6.00 to $5.00 in a research report on Thursday, April 4th. Bank of America upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $7.10 to $8.10 in a research report on Monday, April 8th.

Read Our Latest Stock Report on LOMA

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LOMA. Sagil Capital LLP boosted its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 174.6% in the 3rd quarter. Sagil Capital LLP now owns 505,181 shares of the company’s stock worth $3,046,000 after purchasing an additional 321,224 shares during the period. Capital International Investors grew its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 4.1% during the first quarter. Capital International Investors now owns 7,681,037 shares of the company’s stock valued at $51,309,000 after buying an additional 304,584 shares in the last quarter. abrdn plc raised its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 32.4% during the third quarter. abrdn plc now owns 899,800 shares of the company’s stock valued at $5,426,000 after buying an additional 220,200 shares during the period. RWC Asset Management LLP lifted its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 14.6% in the 4th quarter. RWC Asset Management LLP now owns 1,444,375 shares of the company’s stock worth $10,241,000 after acquiring an additional 184,419 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 9.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,522,869 shares of the company’s stock worth $9,183,000 after acquiring an additional 126,571 shares during the period. Institutional investors and hedge funds own 19.32% of the company’s stock.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Company Profile

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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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