Loma Negra Compania Industrial Argentina (NYSE:LOMA) Reaches New 1-Year Low – Time to Sell?

Shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $8.73 and last traded at $8.7850, with a volume of 81,396 shares trading hands. The stock had previously closed at $9.10.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LOMA. Citigroup reiterated a “buy” rating on shares of Loma Negra Compania Industrial Argentina in a report on Wednesday, August 12th. Weiss Ratings downgraded Loma Negra Compania Industrial Argentina from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 9th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Loma Negra Compania Industrial Argentina Price Performance

The business’s 50 day moving average price is $9.67 and its two-hundred day moving average price is $10.76. The stock has a market cap of $1.04 billion, a P/E ratio of 30.61, a price-to-earnings-growth ratio of 0.28 and a beta of 0.72. The company has a current ratio of 2.25, a quick ratio of 0.72 and a debt-to-equity ratio of 0.20.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). Loma Negra Compania Industrial Argentina had a return on equity of 3.79% and a net margin of 5.05%. The company had revenue of $160.41 million during the quarter, compared to the consensus estimate of $108.44 million. As a group, sell-side analysts expect that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.80 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LOMA. ABS Direct Equity Fund LLC raised its holdings in Loma Negra Compania Industrial Argentina by 73.1% in the first quarter. ABS Direct Equity Fund LLC now owns 179,961 shares of the company’s stock worth $1,996,000 after purchasing an additional 75,971 shares in the last quarter. Absolute Gestao de Investimentos Ltda. lifted its position in Loma Negra Compania Industrial Argentina by 72.6% during the first quarter. Absolute Gestao de Investimentos Ltda. now owns 147,436 shares of the company’s stock valued at $1,635,000 after buying an additional 62,010 shares during the period. Finally, Crocodile Capital Partners GmbH boosted its holdings in shares of Loma Negra Compania Industrial Argentina by 47.6% during the 2nd quarter. Crocodile Capital Partners GmbH now owns 147,250 shares of the company’s stock valued at $1,686,000 after buying an additional 47,514 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 Sociedad Anónima is an Argentina-based producer of cement and related construction materials. The company supplies cement, masonry cement, concrete and aggregates for residential, commercial and infrastructure projects, serving customers through a network of industrial facilities and distribution channels.

Founded in 1926, Loma Negra has played a longstanding role in Argentina’s construction-materials industry. Its product portfolio includes bulk and bagged cement, ready-mix concrete and aggregates, as well as other materials used in building and civil-engineering applications.