Loma Negra Compania Industrial Argentina (NYSE:LOMA) Rating Lowered to Sell at Wall Street Zen

Loma Negra Compania Industrial Argentina (NYSE:LOMA) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Separately, Weiss Ratings cut Loma Negra Compania Industrial Argentina from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.80.

Loma Negra Compania Industrial Argentina Price Performance

Shares of NYSE:LOMA opened at $7.90 on Friday. The stock has a market capitalization of $921.93 million, a P/E ratio of 14.36 and a beta of 0.98. The business has a 50-day moving average of $8.30 and a two-hundred day moving average of $10.41. Loma Negra Compania Industrial Argentina has a fifty-two week low of $7.04 and a fifty-two week high of $14.17.

Institutional Trading of Loma Negra Compania Industrial Argentina

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LOMA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Loma Negra Compania Industrial Argentina by 9.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,525,857 shares of the company’s stock worth $16,769,000 after buying an additional 138,063 shares during the period. Cubist Systematic Strategies LLC increased its position in Loma Negra Compania Industrial Argentina by 576.7% during the first quarter. Cubist Systematic Strategies LLC now owns 180,122 shares of the company’s stock worth $1,980,000 after acquiring an additional 153,503 shares during the period. Fourth Sail Capital LP bought a new position in Loma Negra Compania Industrial Argentina during the first quarter worth $14,735,000. Kapitalo Investimentos Ltda acquired a new position in Loma Negra Compania Industrial Argentina during the 1st quarter valued at $4,161,000. Finally, Crocodile Capital Partners GmbH bought a new stake in Loma Negra Compania Industrial Argentina in the 2nd quarter valued at $768,000. Institutional investors and hedge funds own 19.32% of the company’s stock.

About Loma Negra Compania Industrial Argentina

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.