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

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

Analysts Set New Price Targets

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

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

Shares of NYSE CPAC traded up $0.04 during midday trading on Friday, reaching $12.40. 27,191 shares of the company’s stock traded hands, compared to its average volume of 44,059. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 17.22 and a beta of 0.74. The stock’s 50 day simple moving average is $11.90 and its 200-day simple moving average is $11.07. Cementos Pacasmayo S.A.A. has a one year low of $6.25 and a one year high of $12.70. The company has a quick ratio of 0.50, a current ratio of 1.22 and a debt-to-equity ratio of 0.59.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in shares of Cementos Pacasmayo S.A.A. during the 4th quarter valued at approximately $129,000. LPL Financial LLC acquired a new position in Cementos Pacasmayo S.A.A. during the fourth quarter worth $155,000. Millennium Management LLC acquired a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter valued at about $167,000. BNP Paribas Financial Markets increased 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 worth $179,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Cementos Pacasmayo S.A.A. by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock worth $958,000 after purchasing an additional 6,054 shares during the last quarter.

About Cementos Pacasmayo S.A.A.

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.