Cementos Pacasmayo S.A.A. (NYSE:CPAC) Short Interest Down 36.8% in April

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 12,077 shares, a drop of 36.8% from the April 15th total of 19,124 shares. Based on an average trading volume of 39,976 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

Cementos Pacasmayo S.A.A. Stock Up 1.4%

Shares of NYSE CPAC opened at $10.70 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.17 and a quick ratio of 0.36. The company has a market cap of $906.62 million, a P/E ratio of 17.53 and a beta of 0.77. Cementos Pacasmayo S.A.A. has a 1 year low of $5.47 and a 1 year high of $11.50. The firm has a 50-day simple moving average of $10.50 and a two-hundred day simple moving average of $9.75.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its quarterly earnings data on Friday, April 24th. The construction company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.17. Cementos Pacasmayo S.A.A. had a net margin of 8.37% and a return on equity of 14.30%. The business had revenue of $158.95 million during the quarter, compared to the consensus estimate of $146.77 million. Research analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CPAC. Zacks Research raised shares of Cementos Pacasmayo S.A.A. from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. 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 research note on Wednesday, March 4th. Wall Street Zen downgraded shares of Cementos Pacasmayo S.A.A. from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings raised shares of Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.90.

Institutional Trading of Cementos Pacasmayo S.A.A.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of Cementos Pacasmayo S.A.A. by 13.4% during the first quarter. Dimensional Fund Advisors LP now owns 104,077 shares of the construction company’s stock valued at $1,036,000 after acquiring an additional 12,323 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Cementos Pacasmayo S.A.A. by 6.7% during the second 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 in the last quarter. Millennium Management LLC bought a new stake in shares of Cementos Pacasmayo S.A.A. during the fourth quarter valued at approximately $167,000. LPL Financial LLC bought a new stake in shares of Cementos Pacasmayo S.A.A. during the fourth quarter valued at approximately $155,000. Finally, Virtu Financial LLC bought a new stake in shares of Cementos Pacasmayo S.A.A. during the fourth quarter valued at approximately $129,000.

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.