Loma Negra Compania Indl Argentina (NYSE:LOMA) Stock Price Up 6.2%

Loma Negra Compania Indl Argentina SA (NYSE:LOMA)’s stock price rose 6.2% on Wednesday . The stock traded as high as $6.82 and last traded at $6.64, approximately 386,906 shares traded hands during mid-day trading. A decline of 25% from the average daily volume of 517,552 shares. The stock had previously closed at $6.25.

Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Loma Negra Compania Indl Argentina from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 5th. ValuEngine upgraded shares of Loma Negra Compania Indl Argentina from a “hold” rating to a “buy” rating in a research report on Tuesday, October 15th. Morgan Stanley lowered Loma Negra Compania Indl Argentina from an “overweight” rating to an “equal weight” rating in a report on Monday, August 12th. Finally, Bank of America cut Loma Negra Compania Indl Argentina from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $16.50 to $7.50 in a research report on Wednesday, August 14th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $10.75.

The stock has a fifty day moving average of $5.96 and a two-hundred day moving average of $8.42. The stock has a market cap of $748.58 million, a price-to-earnings ratio of 16.20 and a beta of 0.65. The company has a quick ratio of 0.33, a current ratio of 0.69 and a debt-to-equity ratio of 0.23.

Large investors have recently added to or reduced their stakes in the business. Pictet Asset Management Ltd. purchased a new stake in shares of Loma Negra Compania Indl Argentina during the 2nd quarter worth $76,000. Stevens Capital Management LP acquired a new stake in shares of Loma Negra Compania Indl Argentina in the second quarter valued at about $143,000. D. E. Shaw & Co. Inc. purchased a new stake in Loma Negra Compania Indl Argentina during the second quarter worth about $180,000. Bogle Investment Management L P DE purchased a new stake in Loma Negra Compania Indl Argentina during the second quarter worth about $182,000. Finally, Cullen Capital Management LLC grew its position in Loma Negra Compania Indl Argentina by 35.9% during the second quarter. Cullen Capital Management LLC now owns 17,220 shares of the company’s stock worth $201,000 after buying an additional 4,545 shares during the period. Hedge funds and other institutional investors own 37.72% of the company’s stock.

About Loma Negra Compania Indl Argentina (NYSE:LOMA)

Loma Negra Compañía Industrial Argentina Sociedad Anónima, together with its subsidiaries, manufactures and markets cement and its by-products in Argentina and Paraguay. It operates through Cement, Masonry Cement and Lime; Concrete; Railroad; Aggregates; and Others segments. The company offers masonry cement, aggregate, ready-mix concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.

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