Alps Advisors Inc. raised its position in Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) by 57.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,934 shares of the basic materials company's stock after acquiring an additional 35,552 shares during the quarter. Alps Advisors Inc.'s holdings in Sociedad Quimica y Minera were worth $3,891,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its stake in Sociedad Quimica y Minera by 803.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,075 shares of the basic materials company's stock valued at $39,000 after acquiring an additional 956 shares during the last quarter. Grove Bank & Trust bought a new position in shares of Sociedad Quimica y Minera in the first quarter valued at about $46,000. CX Institutional bought a new position in shares of Sociedad Quimica y Minera in the first quarter valued at about $74,000. National Bank of Canada FI bought a new position in shares of Sociedad Quimica y Minera in the fourth quarter valued at about $68,000. Finally, Greenline Partners LLC bought a new position in shares of Sociedad Quimica y Minera in the fourth quarter valued at about $102,000. Institutional investors and hedge funds own 12.41% of the company's stock.
Sociedad Quimica y Minera Trading Down 3.9%
Shares of Sociedad Quimica y Minera stock opened at $37.60 on Friday. The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of 17.82 and a beta of 1.07. The company has a quick ratio of 1.96, a current ratio of 2.88 and a debt-to-equity ratio of 0.71. Sociedad Quimica y Minera S.A. has a 12-month low of $29.36 and a 12-month high of $45.89. The firm's 50-day moving average price is $34.15 and its two-hundred day moving average price is $37.04.
Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.63 by ($0.15). The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.05 billion. Sociedad Quimica y Minera had a return on equity of 11.71% and a net margin of 13.45%. The company's quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($3.04) earnings per share. On average, analysts forecast that Sociedad Quimica y Minera S.A. will post -1.31 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
SQM has been the topic of a number of recent research reports. Scotiabank lowered their price target on shares of Sociedad Quimica y Minera from $50.00 to $45.00 and set a "sector outperform" rating on the stock in a research report on Friday, May 30th. BMO Capital Markets lowered their price target on shares of Sociedad Quimica y Minera from $55.00 to $45.00 and set an "outperform" rating on the stock in a research report on Thursday, May 29th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Sociedad Quimica y Minera from $44.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday, June 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $41.14.
View Our Latest Analysis on Sociedad Quimica y Minera
About Sociedad Quimica y Minera
(
Free Report)
Sociedad Química y Minera de Chile SA operates as a mining company worldwide. The company offers specialty plant nutrients, including sodium potassium nitrate, specialty blends, and other specialty fertilizers under Ultrasol, Qrop, Speedfol, Allganic, Ultrasoline, ProP, and Prohydric brands. It also provides iodine and its derivatives for use in medical, agricultural, industrial, and human and animal nutrition products comprising x-ray contrast media, biocides, antiseptics and disinfectants, pharmaceutical intermediates, polarizing films for LCD and LED screens, chemicals, organic compounds, and pigments, as well as added to edible salt to prevent iodine deficiency disorders.
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