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

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 shares are sold short. Based on an average daily volume of 499,071 shares, the days-to-cover ratio is presently 1.9 days.

Hedge Funds Weigh In On Loma Negra Compania Industrial Argentina

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Balyasny Asset Management L.P. grew its holdings in shares of 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 purchasing an additional 49,567 shares during the period. BNP Paribas Financial Markets boosted its holdings in 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 during the last quarter. Engineers Gate Manager LP boosted its holdings in Loma Negra Compania Industrial Argentina by 35.3% in the 2nd 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 last quarter. Van ECK Associates Corp purchased a new stake in shares of Loma Negra Compania Industrial Argentina in the 3rd quarter valued at approximately $28,000. Finally, UBS Group AG grew its stake in shares of Loma Negra Compania Industrial Argentina by 117.0% in the 3rd quarter. UBS Group AG now owns 113,486 shares of the company’s stock valued at $836,000 after buying an additional 61,180 shares during the period. 19.32% of the stock is currently owned by institutional investors and hedge funds.

Loma Negra Compania Industrial Argentina Price Performance

Shares of NYSE:LOMA traded up $0.16 during trading on Wednesday, reaching $10.23. The stock had a trading volume of 118,261 shares, compared to its average volume of 393,396. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.72 and a current ratio of 2.25. The business has a fifty day moving average price of $10.82 and a 200-day moving average price of $11.00. The stock has a market cap of $1.19 billion, a PE ratio of 35.28, a PEG ratio of 0.45 and a beta of 0.75. Loma Negra Compania Industrial Argentina has a 1-year low of $7.04 and a 1-year high of $13.20.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.06). The firm had revenue of $160.41 million during the quarter, compared to analyst estimates of $108.44 million. Loma Negra Compania Industrial Argentina had a net margin of 5.05% and a return on equity of 3.79%. On average, equities analysts forecast that Loma Negra Compania Industrial Argentina will post 0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LOMA. Wall Street Zen downgraded Loma Negra Compania Industrial Argentina from a “buy” rating to a “hold” rating in a research report on Sunday, July 5th. Weiss Ratings raised Loma Negra Compania Industrial Argentina from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Finally, Citigroup reaffirmed a “buy” rating on shares of Loma Negra Compania Industrial Argentina in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Loma Negra Compania Industrial Argentina presently has an average 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.