1,921,152 Shares in Sociedad Quimica y Minera S.A. $SQM Acquired by Kingstone Capital Partners Texas LLC

Key Points

• Kingstone Capital Partners Texas LLC acquired a new stake in Sociedad Quimica y Minera S.A., purchasing 1,921,152 shares valued at approximately $67.76 million, marking a 0.67% ownership in the company as of the latest SEC filing.
• Several institutional investors increased their holdings in Sociedad Quimica y Minera, with notable increases by Brooklyn Investment Group and IFP Advisors Inc, contributing to a total of 12.41% ownership by hedge funds and other institutions.
• Sociedad Quimica y Minera's recent quarterly earnings reported a miss against analysts' expectations, posting $0.31 EPS versus the anticipated $0.52, along with a revenue decline of 19.4% year-over-year.

Kingstone Capital Partners Texas LLC acquired a new stake in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,921,152 shares of the basic materials company's stock, valued at approximately $67,759,000. Kingstone Capital Partners Texas LLC owned approximately 0.67% of Sociedad Quimica y Minera at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group grew its stake in Sociedad Quimica y Minera by 61,700.0% in the 1st quarter. Brooklyn Investment Group now owns 618 shares of the basic materials company's stock worth $25,000 after buying an additional 617 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Sociedad Quimica y Minera in the 1st quarter worth approximately $34,000. Grove Bank & Trust purchased a new position in Sociedad Quimica y Minera in the 1st quarter worth approximately $46,000. IFP Advisors Inc grew its stake in Sociedad Quimica y Minera by 728.0% in the 1st quarter. IFP Advisors Inc now owns 1,242 shares of the basic materials company's stock worth $49,000 after buying an additional 1,092 shares in the last quarter. Finally, CX Institutional purchased a new stake in shares of Sociedad Quimica y Minera in the 1st quarter valued at $74,000. Hedge funds and other institutional investors own 12.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SQM shares. Zacks Research upgraded shares of Sociedad Quimica y Minera from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. upped their target price on shares of Sociedad Quimica y Minera from $39.00 to $41.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Bank of America increased their price objective on shares of Sociedad Quimica y Minera from $36.50 to $43.50 and gave the company an "underperform" rating in a research report on Tuesday, August 26th. BMO Capital Markets raised their price target on shares of Sociedad Quimica y Minera from $45.00 to $55.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Finally, Scotiabank dropped 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. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $45.08.

Sociedad Quimica y Minera Stock Performance

NYSE SQM traded up $1.12 during trading hours on Tuesday, reaching $44.41. The stock had a trading volume of 233,441 shares, compared to its average volume of 1,259,541. The stock has a fifty day moving average of $42.26 and a 200 day moving average of $38.17. The stock has a market cap of $12.69 billion, a P/E ratio of 26.58 and a beta of 1.06. Sociedad Quimica y Minera S.A. has a 52-week low of $29.36 and a 52-week high of $47.51. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.93 and a current ratio of 2.92.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last announced its earnings results on Wednesday, August 20th. The basic materials company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.21). Sociedad Quimica y Minera had a return on equity of 9.09% and a net margin of 11.29%.The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the company earned $0.75 earnings per share. The company's quarterly revenue was down 19.4% compared to the same quarter last year. Sell-side analysts predict that Sociedad Quimica y Minera S.A. will post -1.31 earnings per share for the current 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.