Short Interest in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) Declines By 35.2%

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 970,771 shares, a decline of 35.2% from the July 30th total of 1,498,490 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 499,071 shares, the days-to-cover ratio is currently 1.9 days.

Hedge Funds Weigh In On Loma Negra Compania Industrial Argentina

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LOMA. Crocodile Capital Partners GmbH increased its holdings in shares of Loma Negra Compania Industrial Argentina by 47.6% in the second quarter. Crocodile Capital Partners GmbH now owns 147,250 shares of the company’s stock valued at $1,686,000 after purchasing an additional 47,514 shares during the last quarter. ABS Direct Equity Fund LLC lifted its stake in shares of Loma Negra Compania Industrial Argentina by 73.1% during the 1st quarter. ABS Direct Equity Fund LLC now owns 179,961 shares of the company’s stock worth $1,996,000 after buying an additional 75,971 shares during the last quarter. Absolute Gestao de Investimentos Ltda. boosted its holdings in shares of Loma Negra Compania Industrial Argentina by 72.6% during the 1st quarter. Absolute Gestao de Investimentos Ltda. now owns 147,436 shares of the company’s stock worth $1,635,000 after buying an additional 62,010 shares during the period. PointState Capital LP grew its stake in Loma Negra Compania Industrial Argentina by 245.3% in the 4th quarter. PointState Capital LP now owns 1,130,732 shares of the company’s stock valued at $14,643,000 after buying an additional 803,289 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in Loma Negra Compania Industrial Argentina in the 4th quarter valued at about $461,000. 19.32% of the stock is owned by institutional investors.

Loma Negra Compania Industrial Argentina Stock Performance

NYSE LOMA traded up $0.05 during trading on Tuesday, reaching $10.10. 407,652 shares of the company’s stock were exchanged, compared to its average volume of 395,071. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.25 and a quick ratio of 0.72. The business has a 50 day moving average price of $10.86 and a 200-day moving average price of $11.01. The stock has a market capitalization of $1.18 billion, a P/E ratio of 34.83, a PEG ratio of 0.44 and a beta of 0.75. Loma Negra Compania Industrial Argentina has a fifty-two week low of $7.04 and a fifty-two week high of $13.20.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last issued its earnings results on Thursday, August 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.06). The business had revenue of $160.41 million for the quarter, compared to the consensus estimate of $108.44 million. Loma Negra Compania Industrial Argentina had a return on equity of 3.79% and a net margin of 5.05%. Sell-side analysts forecast that Loma Negra Compania Industrial Argentina will post 0.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Weiss Ratings raised Loma Negra Compania Industrial Argentina from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Wall Street Zen downgraded shares of Loma Negra Compania Industrial Argentina from a “buy” rating to a “hold” rating in a report on Sunday, July 5th. Finally, Citigroup reaffirmed a “buy” rating on shares of Loma Negra Compania Industrial Argentina in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Loma Negra Compania Industrial Argentina has a consensus rating of “Moderate Buy”.

Loma Negra Compania Industrial Argentina Company Profile

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.