Harbour Capital Advisors LLC Makes New $674,000 Investment in Sociedad Quimica y Minera S.A. (NYSE:SQM)

Harbour Capital Advisors LLC bought a new stake in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,095 shares of the basic materials company's stock, valued at approximately $674,000.

Several other institutional investors also recently made changes to their positions in the stock. Nuveen Asset Management LLC acquired a new stake in shares of Sociedad Quimica y Minera during the 4th quarter valued at $35,832,000. Northern Trust Corp lifted its holdings in shares of Sociedad Quimica y Minera by 367.9% in the fourth quarter. Northern Trust Corp now owns 293,799 shares of the basic materials company's stock valued at $10,683,000 after purchasing an additional 231,010 shares in the last quarter. Woodline Partners LP purchased a new stake in shares of Sociedad Quimica y Minera in the fourth quarter valued at $7,314,000. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of Sociedad Quimica y Minera by 5.7% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,302,897 shares of the basic materials company's stock valued at $120,093,000 after purchasing an additional 177,323 shares in the last quarter. Finally, Soros Fund Management LLC acquired a new position in shares of Sociedad Quimica y Minera in the fourth quarter worth $5,619,000. 12.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SQM shares. JPMorgan Chase & Co. dropped 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 note on Thursday, June 12th. 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. Finally, Scotiabank cut their target price on 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 analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Sociedad Quimica y Minera currently has an average rating of "Hold" and an average price target of $41.14.

Sociedad Quimica y Minera Price Performance

Shares of SQM traded down $0.23 on Friday, hitting $35.02. The company's stock had a trading volume of 1,315,246 shares, compared to its average volume of 1,081,962. The company has a market capitalization of $10.00 billion, a PE ratio of 16.60 and a beta of 1.04. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.88 and a quick ratio of 1.96. Sociedad Quimica y Minera S.A. has a fifty-two week low of $29.36 and a fifty-two week high of $45.89. The company has a 50 day moving average price of $33.69 and a 200 day moving average price of $37.10.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last announced its earnings results on Wednesday, May 28th. The basic materials company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.15). The business had revenue of $1.04 billion during 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 firm's revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($3.04) earnings per share. On average, research analysts anticipate that Sociedad Quimica y Minera S.A. will post -1.31 earnings per share for the current fiscal year.

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.