SG Americas Securities LLC Lowers Holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

SG Americas Securities LLC lowered its holdings in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,550 shares of the basic materials company’s stock after selling 2,427 shares during the quarter. SG Americas Securities LLC’s holdings in Sociedad Química y Minera de Chile were worth $1,482,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Shariaportfolio Inc. grew its holdings in Sociedad Química y Minera de Chile by 115.3% during the 4th quarter. Shariaportfolio Inc. now owns 38,900 shares of the basic materials company’s stock valued at $2,343,000 after buying an additional 20,828 shares in the last quarter. Compass Group LLC grew its stake in Sociedad Química y Minera de Chile by 32.1% during the fourth quarter. Compass Group LLC now owns 262,188 shares of the basic materials company’s stock valued at $15,789,000 after acquiring an additional 63,690 shares in the last quarter. Clarity Capital Partners LLC bought a new stake in Sociedad Química y Minera de Chile in the 4th quarter valued at $944,000. Accent Capital Management LLC purchased a new stake in Sociedad Química y Minera de Chile in the 4th quarter worth $47,000. Finally, Confluence Investment Management LLC bought a new position in shares of Sociedad Química y Minera de Chile during the 1st quarter valued at about $260,000. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Sociedad Química y Minera de Chile from $45.00 to $36.00 and set a “hold” rating on the stock in a research report on Thursday, July 18th. The Goldman Sachs Group raised Sociedad Química y Minera de Chile from a “neutral” rating to a “buy” rating in a report on Friday, August 9th. Bank of America cut their target price on shares of Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an “underperform” rating for the company in a report on Wednesday, August 21st. Berenberg Bank started coverage on shares of Sociedad Química y Minera de Chile in a research note on Wednesday, July 31st. They set a “hold” rating and a $35.00 price target on the stock. Finally, Jefferies Financial Group dropped their price objective on shares of Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a “buy” rating for the company in a research note on Monday, August 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $50.06.

Sociedad Química y Minera de Chile Stock Down 0.5 %

Shares of NYSE:SQM opened at $42.44 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.47. The business has a 50 day simple moving average of $37.85 and a two-hundred day simple moving average of $42.41. Sociedad Química y Minera de Chile S.A. has a 1 year low of $32.24 and a 1 year high of $64.62. The firm has a market capitalization of $12.12 billion, a PE ratio of 30.53 and a beta of 1.02.

Sociedad Química y Minera de Chile (NYSE:SQM) last announced its quarterly earnings data on Wednesday, August 21st. The basic materials company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.24). The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. Sociedad Química y Minera de Chile had a net margin of 0.48% and a return on equity of 23.15%. During the same period last year, the company earned $2.03 EPS. On average, equities analysts predict that Sociedad Química y Minera de Chile S.A. will post -0.88 EPS for the current year.

Sociedad Química y Minera de Chile Company Profile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine derivatives, lithium derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.