Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Sees Large Drop in Short Interest

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA – Get Rating) saw a significant drop in short interest in April. As of April 30th, there was short interest totalling 809,100 shares, a drop of 7.1% from the April 15th total of 871,400 shares. Based on an average daily volume of 194,700 shares, the days-to-cover ratio is currently 4.2 days.

Institutional Investors Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima

Several institutional investors have recently bought and sold shares of LOMA. Raymond James & Associates acquired a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the first quarter valued at approximately $132,000. Capital Wealth Planning LLC acquired a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the first quarter worth approximately $409,000. abrdn plc lifted its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 69.4% during the 1st quarter. abrdn plc now owns 538,707 shares of the company’s stock worth $3,744,000 after purchasing an additional 220,707 shares during the period. Evolution Wealth Advisors LLC acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the first quarter worth $110,000. Finally, First Trust Direct Indexing L.P. grew its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 31.9% in the first quarter. First Trust Direct Indexing L.P. now owns 15,973 shares of the company’s stock valued at $111,000 after purchasing an additional 3,863 shares during the period. 17.18% of the stock is currently owned by institutional investors and hedge funds.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Price Performance

Shares of LOMA stock opened at $6.27 on Wednesday. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a fifty-two week low of $4.45 and a fifty-two week high of $7.95. The business’s 50 day moving average price is $6.61 and its 200-day moving average price is $6.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.48 and a current ratio of 0.97. The firm has a market cap of $734.09 million, a P/E ratio of 125.40, a P/E/G ratio of 0.21 and a beta of 1.23.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA – Get Rating) last announced its quarterly earnings results on Wednesday, March 8th. The company reported $0.40 earnings per share (EPS) for the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a net margin of 0.44% and a return on equity of 0.49%. The company had revenue of $227.60 million for the quarter. On average, equities research analysts anticipate that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.97 earnings per share for the current year.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Company Profile

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Loma Negra Compañía Industrial Argentina SA operates as a cement manufacturing company. It operates through the following segments: Cement, Masonry Cement and Lime, Concrete, Railroad, Aggregates and Others. The Cement, Masonry Cement and Lime segment comprises of the procurement of raw materials from quarries.