Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Significant Decrease in Short Interest

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 19,572 shares, a drop of 56.0% from the July 30th total of 44,476 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 50,894 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CPAC. Zacks Research raised Cementos Pacasmayo S.A.A. from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings raised shares of Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 9th. Wall Street Zen upgraded Cementos Pacasmayo S.A.A. to a “buy” rating in a research report on Saturday, August 1st. Finally, Scotiabank raised their price target on Cementos Pacasmayo S.A.A. from $12.80 to $13.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.00.

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

Cementos Pacasmayo S.A.A. stock traded up $0.04 during midday trading on Friday, hitting $12.40. 27,191 shares of the company’s stock were exchanged, compared to its average volume of 44,059. The company has a market cap of $1.05 billion, a PE ratio of 17.22 and a beta of 0.74. The firm has a 50-day moving average of $11.90 and a two-hundred day moving average of $11.07. Cementos Pacasmayo S.A.A. has a 12 month low of $6.25 and a 12 month high of $12.70. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.50 and a current ratio of 1.22.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.12 by $0.14. The firm had revenue of $163.77 million during the quarter, compared to analyst estimates of $156.89 million. Cementos Pacasmayo S.A.A. had a return on equity of 16.49% and a net margin of 9.42%. As a group, analysts expect that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current fiscal year.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in Cementos Pacasmayo S.A.A. by 13.4% in the first quarter. Dimensional Fund Advisors LP now owns 104,077 shares of the construction company’s stock valued at $1,036,000 after buying an additional 12,323 shares during the last quarter. Virtu Financial LLC acquired a new stake in Cementos Pacasmayo S.A.A. in the fourth quarter valued at about $129,000. Millennium Management LLC acquired a new position in Cementos Pacasmayo S.A.A. during the fourth quarter worth about $167,000. LPL Financial LLC purchased a new position in Cementos Pacasmayo S.A.A. during the 4th quarter valued at about $155,000. Finally, BNP Paribas Financial Markets lifted its holdings in 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 purchasing an additional 1,900 shares in the last quarter.

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.