Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Short Interest Down 24.1% in September

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totalling 430,100 shares, a drop of 24.1% from the September 15th total of 566,600 shares. Based on an average daily trading volume, of 483,500 shares, the days-to-cover ratio is presently 0.9 days.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Trading Down 1.5 %

Loma Negra Compañía Industrial Argentina Sociedad Anónima stock traded down $0.13 during trading hours on Tuesday, hitting $8.33. The stock had a trading volume of 279,253 shares, compared to its average volume of 453,169. The business’s 50 day simple moving average is $7.61 and its 200-day simple moving average is $7.19. The stock has a market cap of $972.40 million, a price-to-earnings ratio of 20.32 and a beta of 1.33. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a one year low of $5.64 and a one year high of $9.00. The company has a quick ratio of 0.35, a current ratio of 1.22 and a debt-to-equity ratio of 0.20.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) last announced its earnings results on Wednesday, August 7th. The company reported $0.29 earnings per share (EPS) for the quarter. The business had revenue of $153.80 million during the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a return on equity of 9.15% and a net margin of 9.06%. On average, equities analysts predict that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima

Several large investors have recently added to or reduced their stakes in the business. Mak Capital One LLC increased its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 153.2% during the 2nd quarter. Mak Capital One LLC now owns 1,823,913 shares of the company’s stock valued at $12,330,000 after purchasing an additional 1,103,515 shares in the last quarter. Capital International Investors boosted its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 4.1% during the 1st quarter. Capital International Investors now owns 7,681,037 shares of the company’s stock valued at $51,309,000 after purchasing an additional 304,584 shares during the last quarter. Ping Capital Management Inc. purchased a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the second quarter worth approximately $703,000. Liontrust Investment Partners LLP bought a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the second quarter valued at approximately $270,000. Finally, Truist Financial Corp bought a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 2nd quarter worth about $200,000. Institutional investors and hedge funds own 19.32% of the company’s stock.

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.