SG Americas Securities LLC Has $525,000 Stock Position in Sociedad Quimica y Minera S.A. (NYSE:SQM)

SG Americas Securities LLC reduced its stake in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) by 58.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,215 shares of the basic materials company's stock after selling 18,843 shares during the quarter. SG Americas Securities LLC's holdings in Sociedad Quimica y Minera were worth $525,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SQM. Rakuten Securities Inc. increased its holdings in Sociedad Quimica y Minera by 11.2% in the 4th quarter. Rakuten Securities Inc. now owns 4,119 shares of the basic materials company's stock valued at $150,000 after buying an additional 415 shares during the period. Signaturefd LLC grew its stake in shares of Sociedad Quimica y Minera by 18.1% in the 4th 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 period. Sigma Planning Corp boosted its stake in Sociedad Quimica y Minera by 4.7% in 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 in the last quarter. Edmond DE Rothschild Holding S.A. grew 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 valued at $349,000 after acquiring an additional 600 shares during the period. Finally, Wells Fargo & Company MN grew 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 valued at $2,874,000 after acquiring an additional 821 shares during the period. 12.41% of the stock is owned by institutional investors.

Sociedad Quimica y Minera Price Performance

Shares of NYSE:SQM traded up $1.04 during midday trading on Thursday, reaching $35.31. The company's stock had a trading volume of 2,060,161 shares, compared to its average volume of 1,080,420. The business's fifty day simple moving average is $33.69 and its 200-day simple moving average is $37.13. 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 market capitalization of $10.09 billion, a P/E ratio of 16.74 and a beta of 1.04.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The basic materials company reported $0.48 EPS 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 company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the company earned ($3.04) EPS. The firm's revenue was down 4.4% compared to the same quarter last year. As a group, equities research analysts expect that Sociedad Quimica y Minera S.A. will post -1.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SQM shares. JPMorgan Chase & Co. cut their price objective on Sociedad Quimica y Minera from $44.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, June 12th. Scotiabank dropped their target price on shares of 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. Finally, BMO Capital Markets reduced 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 report on Thursday, May 29th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $41.14.

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.