Sociedad Quimica y Minera de Chile (SQM) Shares Sold by Raymond James & Associates

Raymond James & Associates lessened its stake in shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) by 1.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 97,213 shares of the basic materials company’s stock after selling 1,351 shares during the period. Raymond James & Associates’ holdings in Sociedad Quimica y Minera de Chile were worth $5,771,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. HBK Investments L P raised its stake in shares of Sociedad Quimica y Minera de Chile by 66.2% during the fourth quarter. HBK Investments L P now owns 25,620 shares of the basic materials company’s stock valued at $1,521,000 after acquiring an additional 10,204 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of Sociedad Quimica y Minera de Chile by 36.6% during the fourth quarter. Two Sigma Investments LP now owns 927,689 shares of the basic materials company’s stock valued at $55,077,000 after acquiring an additional 248,754 shares in the last quarter. Robecosam AG raised its stake in Sociedad Quimica y Minera de Chile by 44.5% in the fourth quarter. Robecosam AG now owns 165,000 shares of the basic materials company’s stock worth $9,745,000 after buying an additional 50,800 shares in the last quarter. Guggenheim Capital LLC raised its stake in Sociedad Quimica y Minera de Chile by 40.9% in the fourth quarter. Guggenheim Capital LLC now owns 71,958 shares of the basic materials company’s stock worth $4,272,000 after buying an additional 20,874 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in Sociedad Quimica y Minera de Chile by 65.4% in the fourth quarter. Deutsche Bank AG now owns 573,905 shares of the basic materials company’s stock worth $34,071,000 after buying an additional 226,971 shares in the last quarter. 12.76% of the stock is owned by hedge funds and other institutional investors.

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Shares of NYSE:SQM opened at $49.15 on Friday. The company has a quick ratio of 2.09, a current ratio of 3.30 and a debt-to-equity ratio of 0.46. Sociedad Quimica y Minera de Chile has a 52 week low of $32.38 and a 52 week high of $64.20. The company has a market capitalization of $12,936.13, a P/E ratio of 30.15, a price-to-earnings-growth ratio of 1.07 and a beta of 1.04.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last released its quarterly earnings results on Wednesday, February 28th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. Sociedad Quimica y Minera de Chile had a net margin of 19.70% and a return on equity of 19.01%. The business had revenue of $574.80 million for the quarter, compared to analyst estimates of $518.56 million. sell-side analysts predict that Sociedad Quimica y Minera de Chile will post 1.63 EPS for the current fiscal year.

A number of equities analysts recently commented on the stock. Scotiabank reissued a “hold” rating and issued a $60.00 price objective on shares of Sociedad Quimica y Minera de Chile in a research note on Thursday, January 18th. Deutsche Bank raised shares of Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $52.00 to $70.00 in a research note on Thursday, January 18th. Citigroup raised shares of Sociedad Quimica y Minera de Chile from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 17th. Morgan Stanley downgraded shares of Sociedad Quimica y Minera de Chile from an “equal weight” rating to an “underweight” rating in a research note on Monday, February 26th. Finally, Zacks Investment Research downgraded shares of Sociedad Quimica y Minera de Chile from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $57.65.

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Sociedad Quimica y Minera de Chile Company Profile

Sociedad Quimica y Minera de Chile SA (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services.

Institutional Ownership by Quarter for Sociedad Quimica y Minera de Chile (NYSE:SQM)

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