Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA – Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 348,500 shares, a decline of 17.2% from the March 15th total of 420,800 shares. Based on an average daily trading volume, of 420,800 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.3% of the shares of the company are short sold.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in LOMA. UBS Group AG lifted its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 103.2% during the 3rd quarter. UBS Group AG now owns 5,632 shares of the company’s stock worth $35,000 after buying an additional 2,860 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 3rd quarter worth about $37,000. Renaissance Technologies LLC acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 3rd quarter worth about $69,000. Virtu Financial LLC acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter worth about $72,000. Finally, BNP Paribas Arbitrage SNC acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 2nd quarter worth about $72,000. Institutional investors and hedge funds own 19.32% of the company’s stock.
Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Down 1.8 %
Shares of NYSE:LOMA opened at $7.26 on Friday. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 52 week low of $5.64 and a 52 week high of $7.87. 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 company’s fifty day moving average is $6.75 and its 200-day moving average is $6.59. The company has a market capitalization of $847.53 million, a PE ratio of 55.85, a P/E/G ratio of 0.33 and a beta of 1.46.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. UBS Group lowered shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “neutral” rating to a “sell” rating and lowered their price target for the company from $6.00 to $5.00 in a 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 boosted their target price for the company from $7.10 to $8.10 in a research note on Monday, April 8th.
View Our Latest Report on LOMA
About Loma Negra Compañía Industrial Argentina Sociedad Anónima
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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