Vontobel Holding Ltd. decreased its holdings in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) by 55.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,259 shares of the basic materials company's stock after selling 22,330 shares during the quarter. Vontobel Holding Ltd.'s holdings in Sociedad Quimica y Minera were worth $725,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the business. Soros Fund Management LLC acquired a new stake in Sociedad Quimica y Minera during the 4th quarter valued at $5,619,000. Earnest Partners LLC increased its stake in Sociedad Quimica y Minera by 1.8% during the 4th quarter. Earnest Partners LLC now owns 1,071,339 shares of the basic materials company's stock valued at $38,954,000 after buying an additional 18,748 shares during the period. MGO One Seven LLC acquired a new position in shares of Sociedad Quimica y Minera in the 4th quarter worth approximately $642,000. CANADA LIFE ASSURANCE Co grew its stake in shares of Sociedad Quimica y Minera by 121.9% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 61,519 shares of the basic materials company's stock worth $2,236,000 after purchasing an additional 33,797 shares during the last quarter. Finally, White Knight Strategic Wealth Advisors LLC increased its position in shares of Sociedad Quimica y Minera by 86.5% in the fourth quarter. White Knight Strategic Wealth Advisors LLC now owns 34,244 shares of the basic materials company's stock worth $1,245,000 after acquiring an additional 15,879 shares in the last quarter. Institutional investors and hedge funds own 12.41% of the company's stock.
Sociedad Quimica y Minera Stock Performance
Shares of SQM stock traded up $0.97 during midday trading on Tuesday, hitting $36.92. 216,268 shares of the company were exchanged, compared to its average volume of 1,085,845. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.96 and a current ratio of 2.88. The firm has a market capitalization of $10.54 billion, a P/E ratio of 17.48 and a beta of 1.07. Sociedad Quimica y Minera S.A. has a 52 week low of $29.36 and a 52 week high of $45.89. The firm's 50 day moving average price is $33.83 and its two-hundred day moving average price is $37.01.
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 analysts' consensus estimates of $0.63 by ($0.15). The company had revenue of $1.04 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($3.04) earnings per share. As a group, equities research analysts anticipate that Sociedad Quimica y Minera S.A. will post -1.31 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms have issued reports on SQM. JPMorgan Chase & Co. cut their target price on shares of Sociedad Quimica y Minera from $44.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, June 12th. Scotiabank decreased their price target on shares of Sociedad Quimica y Minera from $50.00 to $45.00 and set a "sector outperform" rating on the stock in a research note on Friday, May 30th. Finally, BMO Capital Markets cut their price objective on shares of Sociedad Quimica y Minera from $55.00 to $45.00 and set an "outperform" rating on the stock in a report on Thursday, May 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $41.14.
Read Our Latest Research Report on SQM
Sociedad Quimica y Minera Company Profile
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Free Report)
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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