XTX Topco Ltd Takes $1.05 Million Position in Sociedad Quimica y Minera S.A. (NYSE:SQM)

XTX Topco Ltd bought a new position in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 26,400 shares of the basic materials company's stock, valued at approximately $1,049,000.

Several other hedge funds have also recently bought and sold shares of SQM. Banque Cantonale Vaudoise acquired a new position in shares of Sociedad Quimica y Minera in the first quarter worth $34,000. Grove Bank & Trust purchased a new position in Sociedad Quimica y Minera in the first quarter valued at $46,000. IFP Advisors Inc grew its stake in 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 in the last quarter. National Bank of Canada FI purchased a new stake in Sociedad Quimica y Minera during the 4th quarter worth about $68,000. Finally, CX Institutional purchased a new stake in Sociedad Quimica y Minera during the 1st quarter worth about $74,000. Institutional investors and hedge funds own 12.41% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SQM shares. BMO Capital Markets decreased their price objective on Sociedad Quimica y Minera from $55.00 to $45.00 and set an "outperform" rating for the company in a research note on Thursday, May 29th. JPMorgan Chase & Co. lifted their price target on shares of Sociedad Quimica y Minera from $39.00 to $41.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Finally, Scotiabank dropped their price objective 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 report on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $42.50.

Sociedad Quimica y Minera Price Performance

Shares of NYSE SQM opened at $35.80 on Friday. The stock's 50-day simple moving average is $35.39 and its 200-day simple moving average is $37.09. 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 $10.23 billion, a PE ratio of 16.97 and a beta of 1.03. Sociedad Quimica y Minera S.A. has a fifty-two week low of $29.36 and a fifty-two week high of $45.89.

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 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%. The firm's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($3.04) EPS. As a group, equities research analysts forecast that Sociedad Quimica y Minera S.A. will post -1.31 EPS for the current fiscal year.

Sociedad Quimica y Minera 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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