Two Sigma Investments LP Invests $843,000 in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Two Sigma Investments LP acquired a new stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 23,192 shares of the basic materials company's stock, valued at approximately $843,000.

Other large investors have also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new position in shares of Sociedad Química y Minera de Chile in the 4th quarter worth about $39,000. Jones Financial Companies Lllp raised its position in Sociedad Química y Minera de Chile by 803.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,075 shares of the basic materials company's stock worth $39,000 after acquiring an additional 956 shares during the period. National Bank of Canada FI purchased a new position in Sociedad Química y Minera de Chile in the fourth quarter valued at about $68,000. Greenline Partners LLC bought a new position in shares of Sociedad Química y Minera de Chile during the 4th quarter valued at approximately $102,000. Finally, Signaturefd LLC increased its stake in shares of Sociedad Química y Minera de Chile by 18.1% during the 4th quarter. Signaturefd LLC now owns 2,953 shares of the basic materials company's stock worth $107,000 after purchasing an additional 453 shares during the last quarter. 12.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SQM shares. Scotiabank dropped their price objective on Sociedad Química y Minera de Chile from $50.00 to $45.00 and set a "sector outperform" rating on the stock in a research note on Friday, May 30th. BMO Capital Markets dropped their price target on Sociedad Química y Minera de Chile from $55.00 to $45.00 and set an "outperform" rating on the stock in a research report on Thursday, May 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Sociedad Química y Minera de Chile has an average rating of "Hold" and an average target price of $41.86.

Sociedad Química y Minera de Chile Stock Performance

Shares of Sociedad Química y Minera de Chile stock traded up $0.49 during trading hours on Tuesday, reaching $34.03. The company had a trading volume of 1,229,297 shares, compared to its average volume of 1,080,904. The firm has a market cap of $9.72 billion, a PE ratio of -30.66, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. Sociedad Química y Minera de Chile S.A. has a one year low of $29.36 and a one year high of $46.40. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.94 and a quick ratio of 2.05. The business has a fifty day simple moving average of $33.97 and a 200 day simple moving average of $37.57.

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last issued its earnings results on Wednesday, May 28th. The basic materials company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.15). Sociedad Química y Minera de Chile had a positive return on equity of 16.12% and a negative net margin of 6.74%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the business earned ($3.04) EPS. The firm's revenue for the quarter was down 4.4% compared to the same quarter last year. On average, analysts anticipate that Sociedad Química y Minera de Chile S.A. will post -1.31 earnings per share for the current fiscal year.

About Sociedad Química y Minera de Chile

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.