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

Diversify Advisory Services LLC purchased a new stake in Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,885 shares of the basic materials company's stock, valued at approximately $274,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in Sociedad Quimica y Minera by 5.7% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,302,897 shares of the basic materials company's stock worth $120,093,000 after purchasing an additional 177,323 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Sociedad Quimica y Minera by 0.9% during the fourth quarter. Lazard Asset Management LLC now owns 1,965,641 shares of the basic materials company's stock worth $71,470,000 after purchasing an additional 18,255 shares during the last quarter. Earnest Partners LLC boosted its holdings in Sociedad Quimica y Minera by 1.8% during the fourth quarter. Earnest Partners LLC now owns 1,071,339 shares of the basic materials company's stock worth $38,954,000 after purchasing an additional 18,748 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in Sociedad Quimica y Minera during the fourth quarter worth about $35,832,000. Finally, Russell Investments Group Ltd. boosted its holdings in Sociedad Quimica y Minera by 12.9% during the fourth quarter. Russell Investments Group Ltd. now owns 315,578 shares of the basic materials company's stock worth $11,474,000 after purchasing an additional 36,160 shares during the last quarter. 12.41% of the stock is owned by institutional investors.

Sociedad Quimica y Minera Stock Down 0.0%

Shares of Sociedad Quimica y Minera stock opened at $38.66 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.88 and a quick ratio of 1.96. The company has a 50-day moving average of $34.50 and a 200 day moving average of $37.07. The firm has a market cap of $11.04 billion, a price-to-earnings ratio of 18.32 and a beta of 1.07. Sociedad Quimica y Minera S.A. has a 1 year low of $29.36 and a 1 year high of $45.89.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on SQM shares. BMO Capital Markets dropped 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 note on Thursday, May 29th. JPMorgan Chase & Co. decreased 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 report on Thursday, June 12th. Finally, Scotiabank decreased 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 report on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $41.14.

About Sociedad Quimica y Minera

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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