Cementos Pacasmayo S.A.A. (NYSE:CPAC) Short Interest Up 101.5% in March

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 21,040 shares, a growth of 101.5% from the February 26th total of 10,442 shares. Based on an average daily volume of 17,910 shares, the short-interest ratio is currently 1.2 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CPAC shares. Scotiabank upped their price objective on Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the company a “sector perform” rating in a research note on Friday, December 19th. JPMorgan Chase & Co. raised Cementos Pacasmayo S.A.A. from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $7.50 to $13.00 in a report on Wednesday, March 4th. Weiss Ratings downgraded Cementos Pacasmayo S.A.A. from a “buy (b-)” rating to a “hold (c)” rating in a report on Tuesday, February 17th. Finally, Wall Street Zen downgraded shares of Cementos Pacasmayo S.A.A. from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Cementos Pacasmayo S.A.A. presently has an average rating of “Hold” and a consensus price target of $12.90.

Institutional Investors Weigh In On Cementos Pacasmayo S.A.A.

Institutional investors have recently modified their holdings of the business. Virtu Financial LLC bought a new position in Cementos Pacasmayo S.A.A. during the fourth quarter worth about $129,000. LPL Financial LLC bought a new stake in Cementos Pacasmayo S.A.A. in the 4th quarter valued at about $155,000. Millennium Management LLC bought a new stake in Cementos Pacasmayo S.A.A. in the 4th quarter valued at about $167,000. BNP Paribas Financial Markets grew its position in shares of Cementos Pacasmayo S.A.A. by 6.7% during the 2nd 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, Benjamin Edwards Inc. acquired a new position in shares of Cementos Pacasmayo S.A.A. during the 3rd quarter worth approximately $522,000.

Cementos Pacasmayo S.A.A. Stock Performance

Shares of NYSE:CPAC traded down $0.02 during trading on Friday, reaching $10.18. 4,558 shares of the stock were exchanged, compared to its average volume of 16,647. Cementos Pacasmayo S.A.A. has a 12 month low of $5.10 and a 12 month high of $11.50. The stock has a 50-day moving average price of $10.62 and a 200-day moving average price of $8.85. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74. The firm has a market cap of $863.21 million, a PE ratio of 20.78 and a beta of 0.69.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its earnings results on Friday, February 13th. The construction company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.11). The firm had revenue of $179.83 million for the quarter, compared to the consensus estimate of $174.95 million. Cementos Pacasmayo S.A.A. had a return on equity of 11.85% and a net margin of 7.11%. Research analysts expect that Cementos Pacasmayo S.A.A. will post 0.62 EPS 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.