MQS Management LLC Acquires Shares of 10,315 Sociedad Quimica y Minera S.A. $SQM

MQS Management LLC acquired a new stake in Sociedad Quimica y Minera S.A. (NYSE:SQM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,315 shares of the basic materials company’s stock, valued at approximately $364,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quantbot Technologies LP increased its position in Sociedad Quimica y Minera by 4.6% in the 1st quarter. Quantbot Technologies LP now owns 8,339 shares of the basic materials company’s stock valued at $331,000 after acquiring an additional 364 shares in the last quarter. US Bancorp DE increased its position in Sociedad Quimica y Minera by 6.0% in the 1st quarter. US Bancorp DE now owns 9,315 shares of the basic materials company’s stock valued at $370,000 after acquiring an additional 526 shares in the last quarter. Sprott Inc. increased its position in Sociedad Quimica y Minera by 3.8% in the 1st quarter. Sprott Inc. now owns 14,860 shares of the basic materials company’s stock valued at $590,000 after acquiring an additional 548 shares in the last quarter. Farther Finance Advisors LLC increased its position in Sociedad Quimica y Minera by 153.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 969 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 586 shares in the last quarter. Finally, Brooklyn Investment Group increased its position in Sociedad Quimica y Minera by 61,700.0% in the 1st quarter. Brooklyn Investment Group now owns 618 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 617 shares in the last quarter. Institutional investors and hedge funds own 12.41% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SQM shares. BMO Capital Markets raised their target price on shares of Sociedad Quimica y Minera from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Zacks Research raised shares of Sociedad Quimica y Minera from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. Bank of America raised their target price on shares of Sociedad Quimica y Minera from $36.50 to $43.50 and gave the company an “underperform” rating in a research note on Tuesday, August 26th. Weiss Ratings raised shares of Sociedad Quimica y Minera from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Finally, Itau BBA Securities started coverage on shares of Sociedad Quimica y Minera in a research note on Thursday, September 4th. They issued an “outperform” rating and a $55.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $46.81.

Sociedad Quimica y Minera Stock Up 2.3%

Sociedad Quimica y Minera stock opened at $45.53 on Monday. The company’s 50 day simple moving average is $44.09 and its 200 day simple moving average is $38.71. Sociedad Quimica y Minera S.A. has a fifty-two week low of $29.36 and a fifty-two week high of $47.51. The firm has a market capitalization of $13.01 billion, a price-to-earnings ratio of 27.27 and a beta of 1.08. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.92 and a quick ratio of 1.93.

Sociedad Quimica y Minera (NYSE:SQM) last released its quarterly earnings data on Wednesday, August 20th. The basic materials company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.21). Sociedad Quimica y Minera had a return on equity of 9.09% and a net margin of 11.29%.The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business earned $0.75 EPS. The firm’s revenue was down 19.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sociedad Quimica y Minera S.A. will post -1.31 EPS for the current year.

Sociedad Quimica y Minera 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.