Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Trading Down 5.1% – What’s Next?

Shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) were down 5.1% on Thursday . The stock traded as low as $10.31 and last traded at $10.47. Approximately 1,033,864 shares were traded during trading, an increase of 113% from the average daily volume of 484,311 shares. The stock had previously closed at $11.03.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Down 5.6 %

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.29 and a quick ratio of 0.43. The stock’s fifty day simple moving average is $8.95 and its two-hundred day simple moving average is $7.65. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 18.69 and a beta of 1.31.

Hedge Funds Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima

Institutional investors have recently modified their holdings of the company. Capital International Investors grew its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 4.1% in the 1st quarter. Capital International Investors now owns 7,681,037 shares of the company’s stock worth $51,309,000 after purchasing an additional 304,584 shares during the last quarter. Mak Capital One LLC grew its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 153.2% in the 2nd quarter. Mak Capital One LLC now owns 1,823,913 shares of the company’s stock worth $12,330,000 after buying an additional 1,103,515 shares in the last quarter. abrdn plc increased its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 1.3% in the 3rd quarter. abrdn plc now owns 1,250,500 shares of the company’s stock valued at $10,079,000 after acquiring an additional 16,300 shares during the period. Stifel Financial Corp bought a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 3rd quarter valued at $2,053,000. Finally, Long Focus Capital Management LLC raised its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 9.2% during the 2nd quarter. Long Focus Capital Management LLC now owns 237,600 shares of the company’s stock valued at $1,606,000 after acquiring an additional 20,000 shares in the last quarter. Institutional investors own 19.32% of the company’s stock.

About Loma Negra Compañía Industrial Argentina Sociedad Anónima

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.