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

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CPAC. BNP Paribas Financial Markets grew its position 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 in the last quarter. LPL Financial LLC purchased a new position in shares of Cementos Pacasmayo S.A.A. during the fourth quarter valued at approximately $155,000. Dimensional Fund Advisors LP raised its holdings in Cementos Pacasmayo S.A.A. by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock worth $958,000 after buying an additional 6,054 shares during the last quarter. Millennium Management LLC purchased a new position in Cementos Pacasmayo S.A.A. in the 4th quarter worth about $167,000. Finally, Virtu Financial LLC purchased a new stake in Cementos Pacasmayo S.A.A. during the fourth quarter valued at $129,000.

Cementos Pacasmayo S.A.A. Price Performance

NYSE CPAC traded up $0.04 during trading on Friday, hitting $12.40. 27,191 shares of the company’s stock were exchanged, compared to its average volume of 44,059. Cementos Pacasmayo S.A.A. has a fifty-two week low of $6.25 and a fifty-two week high of $12.70. The company has a current ratio of 1.22, a quick ratio of 0.50 and a debt-to-equity ratio of 0.59. The company has a market cap of $1.05 billion, a PE ratio of 17.22 and a beta of 0.74. The stock’s 50 day moving average price is $11.90 and its two-hundred day moving average price is $11.07.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its quarterly earnings results on Tuesday, July 21st. The construction company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.14. Cementos Pacasmayo S.A.A. had a net margin of 9.42% and a return on equity of 16.49%. The company had revenue of $163.77 million for the quarter, compared to analyst estimates of $156.89 million. Research analysts expect that Cementos Pacasmayo S.A.A. will post 0.91 EPS for the current year.

Wall Street Analyst Weigh In

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

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.