Loma Negra Compania Industrial Argentina (NYSE:LOMA) Cut to “Sell (D+)” at Weiss Ratings

Loma Negra Compania Industrial Argentina (NYSE:LOMA) was downgraded by analysts at Weiss Ratings from a “hold (c-)” rating to a “sell (d+)” rating in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research firms have also recently issued reports on LOMA. Wall Street Zen cut Loma Negra Compania Industrial Argentina from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. Citigroup assumed coverage on Loma Negra Compania Industrial Argentina in a report on Wednesday, June 18th. They set a “buy” rating and a $16.00 price target on the stock. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Loma Negra Compania Industrial Argentina has a consensus rating of “Moderate Buy” and a consensus price target of $14.80.

Loma Negra Compania Industrial Argentina Stock Performance

Loma Negra Compania Industrial Argentina stock opened at $7.77 on Wednesday. The stock has a market capitalization of $906.76 million, a price-to-earnings ratio of 14.13 and a beta of 0.98. Loma Negra Compania Industrial Argentina has a 52-week low of $7.04 and a 52-week high of $14.17. The stock’s 50 day moving average price is $9.17 and its two-hundred day moving average price is $10.63.

Hedge Funds Weigh In On Loma Negra Compania Industrial Argentina

A number of large investors have recently modified their holdings of the company. Fourth Sail Capital LP purchased a new stake in Loma Negra Compania Industrial Argentina in the 1st quarter valued at $14,735,000. INCA Investments LLC raised its position in Loma Negra Compania Industrial Argentina by 147.2% in the 1st quarter. INCA Investments LLC now owns 1,860,276 shares of the company’s stock valued at $20,444,000 after buying an additional 1,107,669 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in Loma Negra Compania Industrial Argentina in the 1st quarter valued at $4,161,000. Sagil Capital LLP purchased a new stake in Loma Negra Compania Industrial Argentina in the 2nd quarter valued at $2,771,000. Finally, Systrade AG raised its position in Loma Negra Compania Industrial Argentina by 1,714.2% in the 2nd quarter. Systrade AG now owns 217,699 shares of the company’s stock valued at $2,388,000 after buying an additional 205,699 shares during the last quarter. 19.32% of the stock is currently owned by institutional investors.

Loma Negra Compania Industrial Argentina Company Profile

Loma Negra Compañía Industrial Argentina Sociedad Anónima, together with its subsidiaries, manufactures and sells cement and its derivatives in Argentina. The company operates through Cement, Masonry Cement and Lime; Concrete; Railroad; Aggregates; and Others segments. It offers masonry cement, aggregates, ready-mix concrete, concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.