Loma Negra Compania Indl Argentina SA (NYSE:LOMA)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $6.13, but opened at $6.00. Loma Negra Compania Indl Argentina shares last traded at $5.43, with a volume of 100,719 shares changing hands.

LOMA has been the subject of several recent research reports. Bank of America cut Loma Negra Compania Indl Argentina from a “buy” rating to a “neutral” rating and cut their price target for the company from $16.50 to $7.50 in a report on Wednesday. Zacks Investment Research upgraded Loma Negra Compania Indl Argentina from a “sell” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a research report on Wednesday, July 10th. Morgan Stanley lowered Loma Negra Compania Indl Argentina from an “overweight” rating to an “equal weight” rating in a research report on Monday. UBS Group upgraded Loma Negra Compania Indl Argentina from a “sell” rating to a “neutral” rating in a research report on Thursday, May 30th. Finally, Santander upgraded Loma Negra Compania Indl Argentina from an “underperform” rating to a “hold” rating in a research report on Monday, July 15th. Five research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Loma Negra Compania Indl Argentina has an average rating of “Hold” and an average price target of $10.75.

The firm has a market cap of $1.54 billion, a P/E ratio of 13.17 and a beta of 0.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.39. The business has a 50-day moving average of $11.66.

Institutional investors have recently modified their holdings of the stock. Nordea Investment Management AB raised its stake in Loma Negra Compania Indl Argentina by 1.9% in the first quarter. Nordea Investment Management AB now owns 53,060 shares of the company’s stock valued at $581,000 after buying an additional 1,000 shares in the last quarter. Schafer Cullen Capital Management Inc boosted its position in Loma Negra Compania Indl Argentina by 3.7% in the 2nd quarter. Schafer Cullen Capital Management Inc now owns 33,740 shares of the company’s stock valued at $420,000 after buying an additional 1,215 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Loma Negra Compania Indl Argentina by 4.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 80,225 shares of the company’s stock valued at $939,000 after buying an additional 3,276 shares during the last quarter. A.R.T. Advisors LLC boosted its position in Loma Negra Compania Indl Argentina by 20.5% in the 2nd quarter. A.R.T. Advisors LLC now owns 25,847 shares of the company’s stock valued at $302,000 after buying an additional 4,399 shares during the last quarter. Finally, Cullen Capital Management LLC boosted its position in Loma Negra Compania Indl Argentina by 35.9% in the 2nd quarter. Cullen Capital Management LLC now owns 17,220 shares of the company’s stock valued at $201,000 after buying an additional 4,545 shares during the last quarter. Institutional investors own 34.36% of the company’s stock.

About Loma Negra Compania Indl Argentina (NYSE:LOMA)

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

Recommended Story: Beige Book

Receive News & Ratings for Loma Negra Compania Indl Argentina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Loma Negra Compania Indl Argentina and related companies with MarketBeat.com's FREE daily email newsletter.