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) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 970,771 shares, a decrease of 35.2% from the July 30th total of 1,498,490 shares. Based on an average daily volume of 499,071 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.8% of the shares of the company are sold short.

Loma Negra Compania Industrial Argentina Stock Performance

Shares of LOMA traded up $0.05 during mid-day trading on Tuesday, hitting $10.10. 407,652 shares of the company’s stock were exchanged, compared to its average volume of 395,071. The company has a quick ratio of 0.72, a current ratio of 2.25 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 0.44 and a beta of 0.75. The stock’s 50-day simple moving average is $10.86 and its 200-day simple moving average is $11.01. Loma Negra Compania Industrial Argentina has a 52 week low of $7.04 and a 52 week high of $13.20.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last issued 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 for the quarter, compared to analyst estimates of $108.44 million. On average, equities research analysts expect that Loma Negra Compania Industrial Argentina will post 0.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LOMA. Citigroup reissued a “buy” rating on shares of Loma Negra Compania Industrial Argentina in a report on Wednesday, August 12th. 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. Finally, Wall Street Zen cut Loma Negra Compania Industrial Argentina from a “buy” rating to a “hold” rating in a research report on Sunday, July 5th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Institutional Trading of Loma Negra Compania Industrial Argentina

Several large investors have recently modified their holdings of LOMA. Capital International Investors increased its position in shares of Loma Negra Compania Industrial Argentina by 0.4% in the fourth quarter. Capital International Investors now owns 4,668,387 shares of the company’s stock worth $60,456,000 after purchasing an additional 20,758 shares during the period. Fourth Sail Capital LP lifted its position in Loma Negra Compania Industrial Argentina by 1.4% during the fourth quarter. Fourth Sail Capital LP now owns 2,404,072 shares of the company’s stock worth $31,133,000 after purchasing an additional 32,148 shares during the period. RWC Asset Management LLP grew its stake in Loma Negra Compania Industrial Argentina by 36.8% during the fourth quarter. RWC Asset Management LLP now owns 1,965,612 shares of the company’s stock worth $25,455,000 after buying an additional 529,153 shares in the last quarter. PointState Capital LP grew its stake in Loma Negra Compania Industrial Argentina by 245.3% during the fourth quarter. PointState Capital LP now owns 1,130,732 shares of the company’s stock worth $14,643,000 after buying an additional 803,289 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Loma Negra Compania Industrial Argentina in the 3rd quarter valued at about $8,229,000. 19.32% of the stock is owned by institutional investors and hedge funds.

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.