17,095 Shares in Sociedad Quimica y Minera S.A. (NYSE:SQM) Bought by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC purchased a new stake in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 17,095 shares of the basic materials company's stock, valued at approximately $674,000.

Several other institutional investors have also recently bought and sold shares of SQM. Rakuten Securities Inc. increased its position in shares of Sociedad Quimica y Minera by 11.2% during the fourth quarter. Rakuten Securities Inc. now owns 4,119 shares of the basic materials company's stock valued at $150,000 after acquiring an additional 415 shares during the last quarter. Signaturefd LLC lifted its stake in Sociedad Quimica y Minera by 18.1% in the fourth quarter. Signaturefd LLC now owns 2,953 shares of the basic materials company's stock valued at $107,000 after purchasing an additional 453 shares during the last quarter. Sigma Planning Corp grew its holdings in Sociedad Quimica y Minera by 4.7% during the fourth quarter. Sigma Planning Corp now owns 13,011 shares of the basic materials company's stock valued at $473,000 after purchasing an additional 581 shares during the period. Edmond DE Rothschild Holding S.A. increased 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 raised its stake in shares of 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 valued at $2,874,000 after buying an additional 821 shares during the period. Institutional investors and hedge funds own 12.41% of the company's stock.

Sociedad Quimica y Minera Trading Up 3.4%

SQM traded up $1.11 during midday trading on Tuesday, reaching $34.02. 1,378,920 shares of the company's stock traded hands, compared to its average volume of 1,077,387. Sociedad Quimica y Minera S.A. has a 52 week low of $29.36 and a 52 week high of $45.89. 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 firm has a fifty day moving average of $33.71 and a two-hundred day moving average of $37.21. The stock has a market capitalization of $9.72 billion, a price-to-earnings ratio of 16.12 and a beta of 1.04.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last announced its quarterly earnings data 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 last year, the company posted ($3.04) EPS. Sociedad Quimica y Minera's revenue for the quarter was down 4.4% compared to the same quarter last year. On average, equities analysts anticipate that Sociedad Quimica y Minera S.A. will post -1.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SQM has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price objective on 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 decreased 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 report on Thursday, May 29th. Finally, Scotiabank decreased their price objective 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 research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average 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.