Wealthedge Investment Advisors LLC Makes New $398,000 Investment in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Wealthedge Investment Advisors LLC purchased a new position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,959 shares of the basic materials company's stock, valued at approximately $398,000.

Other large investors have also added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in Sociedad Química y Minera de Chile in the 4th quarter worth approximately $39,000. Jones Financial Companies Lllp increased its position in shares of 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 valued at $39,000 after purchasing an additional 956 shares during the last quarter. R Squared Ltd bought a new position in shares of Sociedad Química y Minera de Chile during the 4th quarter valued at approximately $58,000. National Bank of Canada FI bought a new position in shares of Sociedad Química y Minera de Chile during the 4th quarter valued at approximately $68,000. Finally, Avior Wealth Management LLC increased its position in shares of Sociedad Química y Minera de Chile by 104.0% during the 4th quarter. Avior Wealth Management LLC now owns 2,128 shares of the basic materials company's stock valued at $77,000 after purchasing an additional 1,085 shares during the last quarter. Institutional investors own 12.41% of the company's stock.

Wall Street Analyst Weigh In

SQM has been the topic of several analyst reports. Scotiabank cut their target price 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 report on Friday. BMO Capital Markets cut their target price 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $41.86.

Sociedad Química y Minera de Chile Trading Down 3.3%

Sociedad Química y Minera de Chile stock traded down $1.03 during mid-day trading on Friday, hitting $30.43. The company's stock had a trading volume of 1,405,118 shares, compared to its average volume of 1,070,289. The company has a 50 day moving average of $35.08 and a 200-day moving average of $37.88. The stock has a market cap of $8.69 billion, a PE ratio of -27.41, a P/E/G ratio of 5.00 and a beta of 1.11. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94. Sociedad Química y Minera de Chile S.A. has a one year low of $30.18 and a one year high of $48.21.

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.05 billion. 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's revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company earned ($3.04) EPS. On average, research analysts anticipate that Sociedad Química y Minera de Chile S.A. will post -1.31 EPS for the current year.

Sociedad Química y Minera de Chile 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.