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

Cementos Pacasmayo S.A.A. (NYSE:CPAC) saw a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 12,077 shares, a decrease of 36.8% from the April 15th total of 19,124 shares. Based on an average daily trading volume, of 39,976 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings upgraded Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Wall Street Zen downgraded Cementos Pacasmayo S.A.A. from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. JPMorgan Chase & Co. upgraded Cementos Pacasmayo S.A.A. from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $7.50 to $13.00 in a research report on Wednesday, March 4th. Finally, Zacks Research upgraded Cementos Pacasmayo S.A.A. from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $12.90.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CPAC. Millennium Management LLC purchased a new position in shares of Cementos Pacasmayo S.A.A. during the fourth quarter valued at $167,000. LPL Financial LLC purchased a new position in shares of Cementos Pacasmayo S.A.A. during the fourth quarter valued at $155,000. Virtu Financial LLC purchased a new stake in Cementos Pacasmayo S.A.A. in the fourth quarter worth about $129,000. Dimensional Fund Advisors LP lifted its stake 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 worth $1,036,000 after acquiring an additional 12,323 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in Cementos Pacasmayo S.A.A. by 6.7% in the second quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company’s stock worth $179,000 after acquiring an additional 1,900 shares during the period.

Cementos Pacasmayo S.A.A. Trading Up 0.4%

CPAC stock traded up $0.05 during midday trading on Tuesday, reaching $10.60. 9,273 shares of the company traded hands, compared to its average volume of 30,900. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.36 and a current ratio of 1.17. The business has a 50 day moving average of $10.50 and a 200-day moving average of $9.73. Cementos Pacasmayo S.A.A. has a 52-week low of $5.47 and a 52-week high of $11.50. The firm has a market capitalization of $898.18 million, a price-to-earnings ratio of 17.37 and a beta of 0.77.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its quarterly earnings results on Friday, April 24th. The construction company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.17. Cementos Pacasmayo S.A.A. had a return on equity of 14.30% and a net margin of 8.37%.The firm had revenue of $158.95 million for the quarter, compared to the consensus estimate of $146.77 million. As a group, sell-side analysts expect that Cementos Pacasmayo S.A.A. will post 0.47 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.