Cementos Pacasmayo S.A.A. (NYSE:CPAC) Short Interest Update

Cementos Pacasmayo S.A.A. (NYSE:CPAC) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 26,746 shares, a growth of 121.5% from the April 30th total of 12,077 shares. Based on an average trading volume of 17,718 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Cementos Pacasmayo S.A.A.

A number of institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets increased its holdings in shares of Cementos Pacasmayo S.A.A. by 6.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company’s stock valued at $179,000 after acquiring an additional 1,900 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Cementos Pacasmayo S.A.A. by 7.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock valued at $958,000 after acquiring an additional 6,054 shares during the period. Virtu Financial LLC acquired a new position in shares of Cementos Pacasmayo S.A.A. in the 4th quarter valued at $129,000. LPL Financial LLC acquired a new position in shares of Cementos Pacasmayo S.A.A. in the 4th quarter valued at $155,000. Finally, Millennium Management LLC acquired a new position in shares of Cementos Pacasmayo S.A.A. in the 4th quarter valued at $167,000.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Weiss Ratings raised shares of Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Zacks Research raised shares of Cementos Pacasmayo S.A.A. from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Wall Street Zen cut shares of Cementos Pacasmayo S.A.A. from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, JPMorgan Chase & Co. raised shares of Cementos Pacasmayo S.A.A. from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $7.50 to $13.00 in a report on Wednesday, March 4th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $12.90.

Cementos Pacasmayo S.A.A. Stock Up 0.3%

CPAC stock traded up $0.04 during midday trading on Tuesday, reaching $10.63. 9,674 shares of the company were exchanged, compared to its average volume of 18,803. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.36 and a current ratio of 1.17. Cementos Pacasmayo S.A.A. has a 1-year low of $5.66 and a 1-year high of $11.50. The stock’s 50-day simple moving average is $10.58 and its 200 day simple moving average is $9.96. The company has a market cap of $900.68 million, a price-to-earnings ratio of 17.36 and a beta of 0.75.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its earnings results on Friday, April 24th. The construction company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.17. The business had revenue of $158.95 million for the quarter, compared to analysts’ expectations of $146.77 million. Cementos Pacasmayo S.A.A. had a net margin of 8.37% and a return on equity of 14.30%. On average, equities analysts forecast that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current year.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA. is a Peru‐based cement and construction materials company engaged in the production, distribution and sale of cement and related products. The company’s core activities include manufacturing ordinary portland cement, hydrated lime and other industrial minerals. It serves the building and infrastructure sectors, offering tailored solutions for public works, residential and commercial construction projects.

Founded in 1949 in the coastal city of Pacasmayo, the company has grown into one of Peru’s leading cement producers.