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

Other large investors have also recently made changes to their positions in the company. Brooklyn Investment Group grew its stake in shares of Sociedad Quimica y Minera by 61,700.0% in the first quarter. Brooklyn Investment Group now owns 618 shares of the basic materials company's stock worth $25,000 after acquiring an additional 617 shares during the period. Banque Cantonale Vaudoise bought a new stake in shares of Sociedad Quimica y Minera in the first quarter worth approximately $34,000. Grove Bank & Trust bought a new stake in shares of Sociedad Quimica y Minera in the first quarter worth approximately $46,000. IFP Advisors Inc boosted its holdings in shares of Sociedad Quimica y Minera by 728.0% in the first 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 during the last quarter. Finally, CX Institutional purchased a new position in shares of Sociedad Quimica y Minera in the first quarter worth approximately $74,000. 12.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SQM shares. Itau BBA Securities started coverage on shares of Sociedad Quimica y Minera in a report on Thursday, September 4th. They issued an "outperform" rating and a $55.00 price objective on the stock. Zacks Research raised shares of Sociedad Quimica y Minera from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. Scotiabank dropped their price objective 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. Bank of America raised their price objective on shares of Sociedad Quimica y Minera from $36.50 to $43.50 and gave the stock an "underperform" rating in a report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Sociedad Quimica y Minera from $39.00 to $41.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $45.08.

Sociedad Quimica y Minera Price Performance

NYSE:SQM traded up $0.36 during trading hours on Friday, hitting $43.48. 675,422 shares of the stock traded hands, compared to its average volume of 1,162,585. The company has a quick ratio of 1.93, a current ratio of 2.92 and a debt-to-equity ratio of 0.70. Sociedad Quimica y Minera S.A. has a 1 year low of $29.36 and a 1 year high of $47.51. The company has a market cap of $12.42 billion, a price-to-earnings ratio of 26.04 and a beta of 1.07. The stock has a 50 day moving average price of $42.15 and a 200 day moving average price of $38.19.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last issued its quarterly 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 net margin of 11.29% and a return on equity of 9.09%. The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same period in the prior year, the firm earned $0.75 EPS. Sociedad Quimica y Minera's revenue for the quarter was down 19.4% compared to the same quarter last year. Sell-side analysts forecast that Sociedad Quimica y Minera S.A. will post -1.31 EPS for the current fiscal year.

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.