Loma Negra Compania Industrial Argentina (NYSE:LOMA) Downgraded to “Hold” Rating by Wall Street Zen

Loma Negra Compania Industrial Argentina (NYSE:LOMA) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Separately, Weiss Ratings downgraded shares of Loma Negra Compania Industrial Argentina from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Loma Negra Compania Industrial Argentina Stock Performance

Shares of Loma Negra Compania Industrial Argentina stock opened at $11.75 on Friday. The firm’s fifty day simple moving average is $11.41 and its 200-day simple moving average is $11.45. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 48.97, a PEG ratio of 0.50 and a beta of 0.77. Loma Negra Compania Industrial Argentina has a 12 month low of $7.04 and a 12 month high of $13.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.02 and a quick ratio of 0.65.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.20. The firm had revenue of $158.23 million during the quarter, compared to analysts’ expectations of $119.83 million. Loma Negra Compania Industrial Argentina had a net margin of 4.38% and a return on equity of 3.27%. As a group, equities analysts forecast that Loma Negra Compania Industrial Argentina will post 0.59 earnings per share for the current year.

Hedge Funds Weigh In On Loma Negra Compania Industrial Argentina

A number of large investors have recently bought and sold shares of LOMA. Balyasny Asset Management L.P. lifted its holdings in Loma Negra Compania Industrial Argentina by 53.8% in the second quarter. Balyasny Asset Management L.P. now owns 141,765 shares of the company’s stock valued at $1,555,000 after acquiring an additional 49,567 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Loma Negra Compania Industrial Argentina by 5.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 31,336 shares of the company’s stock valued at $344,000 after purchasing an additional 1,524 shares in the last quarter. Engineers Gate Manager LP lifted its stake in shares of Loma Negra Compania Industrial Argentina by 35.3% in the second quarter. Engineers Gate Manager LP now owns 24,773 shares of the company’s stock valued at $272,000 after purchasing an additional 6,463 shares during the period. Van ECK Associates Corp acquired a new stake in shares of Loma Negra Compania Industrial Argentina in the third quarter valued at about $28,000. Finally, UBS Group AG boosted its holdings in Loma Negra Compania Industrial Argentina by 117.0% during the third quarter. UBS Group AG now owns 113,486 shares of the company’s stock worth $836,000 after buying an additional 61,180 shares in the last quarter. Hedge funds and other institutional investors own 19.32% of the company’s stock.

About Loma Negra Compania Industrial Argentina

Loma Negra Compañía Industrial Argentina SA is the leading cement producer in Argentina, with a history dating back to its founding in Buenos Aires in 1926. The company operates an integrated network of cement and lime plants, as well as quarries and ready-mix concrete facilities. Its operations encompass the extraction of limestone, the production of clinker, hydraulic cement and quicklime, and the distribution of aggregates and concrete for a wide range of construction projects.

The company’s product portfolio serves residential, commercial, industrial and public infrastructure markets across Argentina.