GAMMA Investing LLC Purchases 14,986 Shares of Sociedad Quimica y Minera S.A. (NYSE:SQM)

GAMMA Investing LLC raised its position in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) by 4,834.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,296 shares of the basic materials company's stock after acquiring an additional 14,986 shares during the period. GAMMA Investing LLC's holdings in Sociedad Quimica y Minera were worth $608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Rakuten Securities Inc. raised its holdings in shares of Sociedad Quimica y Minera by 11.2% during the 4th quarter. Rakuten Securities Inc. now owns 4,119 shares of the basic materials company's stock worth $150,000 after acquiring an additional 415 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Sociedad Quimica y Minera by 18.1% during the 4th quarter. Signaturefd LLC now owns 2,953 shares of the basic materials company's stock worth $107,000 after acquiring an additional 453 shares in the last quarter. Sigma Planning Corp raised its holdings in Sociedad Quimica y Minera by 4.7% during the 4th quarter. Sigma Planning Corp now owns 13,011 shares of the basic materials company's stock valued at $473,000 after buying an additional 581 shares during the period. Edmond DE Rothschild Holding S.A. lifted its position in Sociedad Quimica y Minera by 6.7% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 9,612 shares of the basic materials company's stock worth $349,000 after buying an additional 600 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in Sociedad Quimica y Minera by 1.0% in the fourth quarter. Wells Fargo & Company MN now owns 79,047 shares of the basic materials company's stock worth $2,874,000 after buying an additional 821 shares during the last quarter. 12.41% of the stock is owned by hedge funds and other institutional investors.

Sociedad Quimica y Minera Trading Down 3.0%

SQM stock traded down $0.98 during midday trading on Friday, reaching $32.13. The company's stock had a trading volume of 854,113 shares, compared to its average volume of 1,075,811. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.96 and a current ratio of 2.88. The stock has a fifty day simple moving average of $33.76 and a two-hundred day simple moving average of $37.25. Sociedad Quimica y Minera S.A. has a 1 year low of $29.36 and a 1 year high of $45.89. The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of 15.23 and a beta of 1.04.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last released its earnings results on Wednesday, May 28th. The basic materials company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.05 billion. During the same quarter in the previous year, the business earned ($3.04) EPS. The business's revenue for the quarter was down 4.4% on a year-over-year basis. On average, equities research analysts predict that Sociedad Quimica y Minera S.A. will post -1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Scotiabank lowered their price target on Sociedad Quimica y Minera from $50.00 to $45.00 and set a "sector outperform" rating for the company in a research report on Friday, May 30th. BMO Capital Markets lowered their price target on Sociedad Quimica y Minera from $55.00 to $45.00 and set an "outperform" rating for the company in a research report on Thursday, May 29th. Finally, JPMorgan Chase & Co. lowered their price target on Sociedad Quimica y Minera from $44.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, June 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $41.14.

Sociedad Quimica y Minera 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.