Atria Wealth Solutions Inc. Has $278,000 Position in Sociedad Quimica y Minera S.A. $SQM

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Sociedad Quimica y Minera S.A. by 45.4%, holding 7,881 shares valued at $278,000 after selling 6,565 shares in the second quarter.
• Sociedad Quimica y Minera reported earnings per share of $0.31 for the recent quarter, missing estimates by ($0.21), with revenues down 19.4% year-over-year.
• The stock's current market cap stands at $12.12 billion, with a PE ratio of 25.40 and a consensus rating of "Hold" among analysts.

Atria Wealth Solutions Inc. cut its stake in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) by 45.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,881 shares of the basic materials company's stock after selling 6,565 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Sociedad Quimica y Minera were worth $278,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SQM. TrueMark Investments LLC bought a new position in shares of Sociedad Quimica y Minera during the first quarter valued at $278,000. Harbour Capital Advisors LLC bought a new stake in Sociedad Quimica y Minera during the 1st quarter worth about $674,000. Robeco Institutional Asset Management B.V. raised its holdings in Sociedad Quimica y Minera by 7.4% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 112,883 shares of the basic materials company's stock worth $4,485,000 after purchasing an additional 7,736 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Sociedad Quimica y Minera by 5.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 100,983 shares of the basic materials company's stock worth $4,012,000 after buying an additional 5,144 shares during the period. Finally, Leavell Investment Management Inc. acquired a new position in shares of Sociedad Quimica y Minera during the 1st quarter worth about $246,000. 12.41% of the stock is owned by institutional investors.

Sociedad Quimica y Minera Stock Down 4.0%

SQM opened at $42.42 on Wednesday. Sociedad Quimica y Minera S.A. has a 1-year low of $29.36 and a 1-year high of $47.51. The stock's fifty day simple moving average is $44.18 and its 200 day simple moving average is $38.45. The company has a current ratio of 2.92, a quick ratio of 1.93 and a debt-to-equity ratio of 0.70. The stock has a market cap of $12.12 billion, a PE ratio of 25.40 and a beta of 1.08.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The basic materials company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.21). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.08 billion. Sociedad Quimica y Minera had a return on equity of 9.09% and a net margin of 11.29%.The firm's quarterly revenue was down 19.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 EPS. As a group, research analysts expect that Sociedad Quimica y Minera S.A. will post -1.31 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Bank of America boosted their price objective on Sociedad Quimica y Minera from $36.50 to $43.50 and gave the company an "underperform" rating in a research report on Tuesday, August 26th. JPMorgan Chase & Co. boosted their target price on Sociedad Quimica y Minera from $39.00 to $41.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Itau BBA Securities assumed coverage on Sociedad Quimica y Minera in a research note on Thursday, September 4th. They issued an "outperform" rating and a $55.00 target price on the stock. Zacks Research upgraded Sociedad Quimica y Minera from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, Jefferies Financial Group restated a "hold" rating and issued a $50.00 target price (down previously from $53.00) on shares of Sociedad Quimica y Minera in a research note on Monday, October 6th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $45.79.

Sociedad Quimica y Minera Company Profile

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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