Sociedad Quimica y Minera S.A. $SQM is Kopernik Global Investors LLC's 6th Largest Position

Key Points

• Kopernik Global Investors LLC increased its stake in Sociedad Quimica y Minera S.A. by 4.2%, making it the firm's 6th largest investment at approximately 6.3% of their portfolio.
• During the first quarter, various hedge funds made significant changes to their positions in the company, with Brooklyn Investment Group increasing its stake by 61,700.0%.
• The stock experienced a quarterly earnings miss, reporting $0.48 EPS compared to the consensus expectation of $0.63, with revenue slightly below forecasts at $1.04 billion.

Kopernik Global Investors LLC grew its position in Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,523,668 shares of the basic materials company's stock after buying an additional 61,100 shares during the period. Sociedad Quimica y Minera accounts for approximately 6.3% of Kopernik Global Investors LLC's investment portfolio, making the stock its 6th largest position. Kopernik Global Investors LLC owned 0.53% of Sociedad Quimica y Minera worth $60,535,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Brooklyn Investment Group boosted its position in shares of Sociedad Quimica y Minera by 61,700.0% during the 1st quarter. Brooklyn Investment Group now owns 618 shares of the basic materials company's stock worth $25,000 after purchasing an additional 617 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of Sociedad Quimica y Minera during the 1st quarter worth approximately $34,000. Grove Bank & Trust purchased a new position in shares of Sociedad Quimica y Minera during the 1st quarter worth approximately $46,000. IFP Advisors Inc boosted its position in shares of Sociedad Quimica y Minera by 728.0% during the 1st quarter. IFP Advisors Inc now owns 1,242 shares of the basic materials company's stock worth $49,000 after purchasing an additional 1,092 shares during the period. Finally, CX Institutional purchased a new position in shares of Sociedad Quimica y Minera during the 1st quarter worth approximately $74,000. Hedge funds and other institutional investors own 12.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased 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 research report on Monday, July 28th. Scotiabank lowered their price objective 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. BMO Capital Markets lowered their price objective on shares of 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. Finally, Zacks Research raised shares of Sociedad Quimica y Minera from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $42.50.

Sociedad Quimica y Minera Stock Performance

Shares of SQM stock opened at $45.1190 on Wednesday. The company has a quick ratio of 1.96, a current ratio of 2.88 and a debt-to-equity ratio of 0.71. Sociedad Quimica y Minera S.A. has a 52 week low of $29.36 and a 52 week high of $47.39. The stock has a market capitalization of $12.89 billion, a PE ratio of 21.38 and a beta of 1.03. The firm has a 50 day moving average of $37.89 and a two-hundred day moving average of $37.33.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.15). The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.05 billion. Sociedad Quimica y Minera had a return on equity of 11.71% and a net margin of 13.45%.Sociedad Quimica y Minera's revenue for the quarter was down 4.4% on a year-over-year basis. During the same period last year, the firm posted ($3.04) earnings per share. On average, research analysts predict 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.

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