Loma Negra Compania Industrial Argentina (NYSE:LOMA) Stock Rating Lowered by Weiss Ratings

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

Several other research analysts also recently commented on the company. Citigroup started coverage on Loma Negra Compania Industrial Argentina in a research note on Wednesday, June 18th. They set a “buy” rating and a $16.00 target price for the company. Wall Street Zen downgraded Loma Negra Compania Industrial Argentina from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.80.

Loma Negra Compania Industrial Argentina Stock Up 4.6%

LOMA opened at $7.77 on Wednesday. Loma Negra Compania Industrial Argentina has a twelve month low of $7.04 and a twelve month high of $14.17. The company has a 50-day simple moving average of $9.17 and a 200 day simple moving average of $10.63. The stock has a market capitalization of $906.76 million, a price-to-earnings ratio of 14.13 and a beta of 0.98.

Institutional Trading of Loma Negra Compania Industrial Argentina

Several institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its holdings in Loma Negra Compania Industrial Argentina by 5.1% in the second quarter. BNP Paribas Financial Markets now owns 31,336 shares of the company’s stock valued at $344,000 after acquiring an additional 1,524 shares during the last quarter. Activest Wealth Management boosted its holdings in Loma Negra Compania Industrial Argentina by 0.9% in the first quarter. Activest Wealth Management now owns 169,538 shares of the company’s stock valued at $1,863,000 after acquiring an additional 1,563 shares during the last quarter. Simplex Trading LLC boosted its holdings in Loma Negra Compania Industrial Argentina by 23.2% in the first quarter. Simplex Trading LLC now owns 19,725 shares of the company’s stock valued at $216,000 after acquiring an additional 3,711 shares during the last quarter. Ping Capital Management Inc. boosted its holdings in Loma Negra Compania Industrial Argentina by 3.7% in the second quarter. Ping Capital Management Inc. now owns 139,000 shares of the company’s stock valued at $1,525,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its holdings in Loma Negra Compania Industrial Argentina by 35.3% in the second quarter. Engineers Gate Manager LP now owns 24,773 shares of the company’s stock valued at $272,000 after acquiring an additional 6,463 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.