Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Downgraded by UBS Group to “Sell”

UBS Group cut shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) from a neutral rating to a sell rating in a report issued on Thursday, Marketbeat Ratings reports. They currently have $5.00 price target on the stock, down from their prior price target of $6.00.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Down 2.8 %

NYSE LOMA opened at $6.52 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.44 and a debt-to-equity ratio of 0.38. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 1-year low of $5.64 and a 1-year high of $7.42. The company has a 50 day moving average of $6.73 and a 200-day moving average of $6.54. The company has a market cap of $761.14 million, a price-to-earnings ratio of 50.16, a PEG ratio of 0.21 and a beta of 1.46.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) last announced its quarterly earnings data on Wednesday, March 6th. The company reported ($0.41) EPS for the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a net margin of 1.58% and a return on equity of 1.82%. The firm had revenue of $242.13 million for the quarter. On average, equities research analysts expect that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LOMA. Renaissance Technologies LLC raised its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 3.2% during the first quarter. Renaissance Technologies LLC now owns 175,800 shares of the company’s stock valued at $1,006,000 after purchasing an additional 5,518 shares in the last quarter. Invesco Ltd. raised its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 2.5% during the first quarter. Invesco Ltd. now owns 126,048 shares of the company’s stock valued at $721,000 after purchasing an additional 3,094 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the first quarter worth $86,000. Eaton Vance Management bought a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the first quarter worth $2,796,000. Finally, Virtu Financial LLC bought a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the first quarter worth $127,000. 19.32% of the stock is currently owned by institutional investors and hedge funds.

Loma Negra Compañía Industrial Argentina Sociedad Anónima 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.