Two Sigma Investments LP Takes Position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Two Sigma Investments LP bought a new position in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 23,192 shares of the basic materials company's stock, valued at approximately $843,000.

Other large investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new stake in Sociedad Química y Minera de Chile during the 4th quarter worth approximately $39,000. Jones Financial Companies Lllp increased its stake in Sociedad Química y Minera de Chile by 803.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,075 shares of the basic materials company's stock worth $39,000 after buying an additional 956 shares during the period. National Bank of Canada FI purchased a new stake in Sociedad Química y Minera de Chile during the 4th quarter worth approximately $68,000. Greenline Partners LLC acquired a new position in Sociedad Química y Minera de Chile during the 4th quarter worth approximately $102,000. Finally, Signaturefd LLC increased its position in shares of Sociedad Química y Minera de Chile 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 last quarter. 12.41% of the stock is owned by hedge funds and other institutional investors.

Sociedad Química y Minera de Chile Stock Performance

Shares of SQM opened at $32.85 on Friday. Sociedad Química y Minera de Chile S.A. has a 1 year low of $29.36 and a 1 year high of $46.83. The company has a market cap of $9.38 billion, a price-to-earnings ratio of -29.59, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94. The firm has a fifty day moving average of $34.20 and a 200-day moving average of $37.64.

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

Analyst Ratings Changes

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

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.

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