Cementos Pacasmayo S.A.A. (NYSE:CPAC) Short Interest Up 101.5% in March

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 21,040 shares, an increase of 101.5% from the February 26th total of 10,442 shares. Based on an average daily volume of 17,910 shares, the short-interest ratio is currently 1.2 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Cementos Pacasmayo S.A.A.

A number of hedge funds and other institutional investors have recently made changes to their positions in CPAC. Virtu Financial LLC acquired a new stake in Cementos Pacasmayo S.A.A. during the fourth quarter worth approximately $129,000. LPL Financial LLC acquired a new position in Cementos Pacasmayo S.A.A. in the 4th quarter valued at $155,000. Millennium Management LLC bought a new stake in shares of Cementos Pacasmayo S.A.A. during the 4th quarter valued at $167,000. BNP Paribas Financial Markets lifted its position in shares of Cementos Pacasmayo S.A.A. by 6.7% during 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. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Cementos Pacasmayo S.A.A. during the 3rd quarter worth $522,000.

Analyst Ratings Changes

CPAC has been the subject of a number of research reports. Scotiabank raised their target price on shares of Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the stock a “sector perform” rating in a research note on Friday, December 19th. JPMorgan Chase & Co. raised shares of Cementos Pacasmayo S.A.A. from an “underweight” rating to a “neutral” rating and increased their price target for the company from $7.50 to $13.00 in a report on Wednesday, March 4th. Weiss Ratings downgraded shares of Cementos Pacasmayo S.A.A. from a “buy (b-)” rating to a “hold (c)” rating in a research report on Tuesday, February 17th. Finally, Wall Street Zen cut Cementos Pacasmayo S.A.A. from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.90.

Cementos Pacasmayo S.A.A. Stock Performance

CPAC stock traded up $0.02 during trading hours on Thursday, hitting $10.23. 5,606 shares of the stock were exchanged, compared to its average volume of 16,915. Cementos Pacasmayo S.A.A. has a 12 month low of $5.10 and a 12 month high of $11.50. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $866.86 million, a P/E ratio of 20.87 and a beta of 0.69. The company has a 50-day simple moving average of $10.62 and a two-hundred day simple moving average of $8.82.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its earnings results on Friday, February 13th. The construction company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.11). Cementos Pacasmayo S.A.A. had a net margin of 7.11% and a return on equity of 11.85%. The business had revenue of $166.82 million during the quarter, compared to the consensus estimate of $174.95 million. On average, analysts forecast that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current fiscal 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.