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6,885 Shares in Sociedad Quimica y Minera S.A. (NYSE:SQM) Acquired by Diversify Advisory Services LLC

Sociedad Quimica y Minera logo with Basic Materials background

Diversify Advisory Services LLC purchased a new position in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,885 shares of the basic materials company's stock, valued at approximately $274,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SQM. Grove Bank & Trust acquired a new position in Sociedad Quimica y Minera during the 1st quarter worth about $46,000. National Bank of Canada FI acquired a new position in Sociedad Quimica y Minera during the 4th quarter worth about $68,000. CX Institutional acquired a new position in Sociedad Quimica y Minera during the 1st quarter valued at about $74,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Sociedad Quimica y Minera during the 1st quarter valued at about $96,000. Finally, Greenline Partners LLC acquired a new position in Sociedad Quimica y Minera during the 4th quarter valued at about $102,000. Institutional investors and hedge funds own 12.41% of the company's stock.

Sociedad Quimica y Minera Trading Up 0.6%

Shares of SQM stock traded up $0.24 on Friday, reaching $41.65. The company had a trading volume of 1,889,298 shares, compared to its average volume of 1,741,477. The company has a current ratio of 2.88, a quick ratio of 1.96 and a debt-to-equity ratio of 0.71. The stock has a market cap of $11.90 billion, a PE ratio of 19.74 and a beta of 1.07. The company has a 50-day moving average of $35.00 and a 200-day moving average of $37.17. Sociedad Quimica y Minera S.A. has a 12 month low of $29.36 and a 12 month high of $45.89.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The basic materials company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.15). The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.05 billion. Sociedad Quimica y Minera had a net margin of 13.45% and a return on equity of 11.71%. The business's revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company earned ($3.04) earnings per share. On average, equities analysts forecast that Sociedad Quimica y Minera S.A. will post -1.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. BMO Capital Markets cut their target price 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. Scotiabank cut their target price 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. Finally, JPMorgan Chase & Co. cut their target price 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 research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $41.14.

Read Our Latest Report on SQM

Sociedad Quimica y Minera Company Profile

(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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Institutional Ownership by Quarter for Sociedad Quimica y Minera (NYSE:SQM)

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