SG Americas Securities LLC Reduces Position in Sociedad Quimica y Minera S.A. (NYSE:SQM)

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

Several other large investors have also modified their holdings of the business. Rakuten Securities Inc. increased its holdings in shares of 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 acquiring an additional 415 shares during the last quarter. Signaturefd LLC increased its holdings 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 acquiring an additional 453 shares during the last quarter. Sigma Planning Corp increased its holdings in shares of 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 acquiring an additional 581 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its holdings in shares of Sociedad Quimica y Minera by 6.7% in the 4th 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 last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Sociedad Quimica y Minera by 1.0% in the 4th 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 last quarter. Institutional investors and hedge funds own 12.41% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Sociedad Quimica y Minera from $44.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, June 12th. Scotiabank decreased their target price on 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 decreased their target price on Sociedad Quimica y Minera from $55.00 to $45.00 and set an "outperform" rating for the company in a research report on Thursday, May 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Sociedad Quimica y Minera has a consensus rating of "Hold" and an average price target of $41.14.

Sociedad Quimica y Minera Stock Performance

Shares of SQM stock traded up $1.11 during trading hours on Tuesday, reaching $34.02. 1,379,782 shares of the company's stock were exchanged, compared to its average volume of 1,077,302. The company has a market cap of $9.72 billion, a P/E ratio of 16.12 and a beta of 1.04. The company's 50 day moving average is $33.69 and its two-hundred day moving average is $37.19. Sociedad Quimica y Minera S.A. has a 1 year low of $29.36 and a 1 year 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.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last issued its earnings results on Wednesday, May 28th. The basic materials company reported $0.48 earnings per share (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 business had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.05 billion. During the same period last year, the company posted ($3.04) earnings per share. The business's quarterly revenue was down 4.4% on a year-over-year basis. Equities research analysts anticipate that Sociedad Quimica y Minera S.A. will post -1.31 EPS 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.