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

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 7,832 shares, a decline of 64.4% from the September 15th total of 22,030 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 81,506 shares, the days-to-cover ratio is currently 0.1 days.

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

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP grew its position in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 13.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,077 shares of the construction company’s stock after acquiring an additional 12,323 shares during the quarter. Dimensional Fund Advisors LP owned about 0.12% of Cementos Pacasmayo S.A.A. worth $1,036,000 as of its most recent filing with the SEC.

Cementos Pacasmayo S.A.A. Stock Performance

Shares of Cementos Pacasmayo S.A.A. stock traded up $0.01 on Monday, reaching $12.29. 3,925 shares of the company were exchanged, compared to its average volume of 44,549. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 17.06 and a beta of 0.76. Cementos Pacasmayo S.A.A. has a 1-year low of $6.25 and a 1-year high of $12.74. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.50 and a current ratio of 1.22. The company’s 50-day moving average is $12.22 and its two-hundred day moving average is $11.46.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last released its quarterly earnings data on Tuesday, July 21st. The construction company reported $0.26 earnings per share (EPS) for the quarter, beating 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 business had revenue of $163.77 million during the quarter, compared to analyst estimates of $156.89 million. As a group, research analysts expect that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on CPAC shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Cementos Pacasmayo S.A.A. in a report on Tuesday, October 6th. Scotiabank lifted 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, Wall Street Zen raised shares of Cementos Pacasmayo S.A.A. to a “buy” rating in a research report on Saturday, August 1st. Four equities research analysts have rated the stock with a Hold rating. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $13.00.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA. is a Peru-based company engaged in the production, distribution and sale of cement and related construction materials. Its portfolio includes cement, ready-mix concrete, precast concrete products, aggregates and lime, as well as construction solutions and other materials used in residential, commercial and infrastructure projects.

Founded in 1949, the company has developed an integrated operating platform serving northern and northeastern Peru. Its operations include cement manufacturing facilities in the northern region and through its Cementos Selva business in the Amazonian region, supported by distribution and commercial networks that serve construction markets across these geographies.

Cementos Pacasmayo markets its products under brands including Pacasmayo, DINO and Cementos Selva.