Eqis Capital Management Inc. Decreases Stock Holdings in Sociedad Quimica y Minera de Chile (NYSE:SQM)

Eqis Capital Management Inc. trimmed its position in Sociedad Quimica y Minera de Chile (NYSE:SQM) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,528 shares of the basic materials company’s stock after selling 1,227 shares during the quarter. Eqis Capital Management Inc.’s holdings in Sociedad Quimica y Minera de Chile were worth $1,323,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SQM. Cornerstone Advisors Inc. increased its position in Sociedad Quimica y Minera de Chile by 156.5% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,285 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 784 shares during the period. Osborn Williams & Donohoe LLC purchased a new position in Sociedad Quimica y Minera de Chile during the 1st quarter valued at $45,000. Capital Investment Advisory Services LLC increased its position in Sociedad Quimica y Minera de Chile by 413.8% during the 1st quarter. Capital Investment Advisory Services LLC now owns 2,055 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 1,655 shares during the period. Financial Gravity Wealth Inc. purchased a new position in Sociedad Quimica y Minera de Chile during the 1st quarter valued at $196,000. Finally, Pinnacle Associates Ltd. purchased a new position in Sociedad Quimica y Minera de Chile during the 1st quarter valued at $210,000. 10.52% of the stock is currently owned by institutional investors.

A number of research analysts have issued reports on the stock. Deutsche Bank assumed coverage on shares of So-Young International in a research report on Tuesday, May 28th. They set a “buy” rating on the stock. Santander downgraded shares of Coca-Cola FEMSA from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Vertical Group assumed coverage on shares of Sociedad Quimica y Minera de Chile in a research report on Monday, April 22nd. They set a “sell” rating and a $23.00 price objective on the stock. BMO Capital Markets reissued a “hold” rating on shares of Royal Bank of Canada in a research report on Thursday, May 23rd. Finally, Morgan Stanley set a $207.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a research report on Friday, July 12th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. Sociedad Quimica y Minera de Chile currently has a consensus rating of “Hold” and a consensus price target of $38.00.

Shares of NYSE:SQM traded down $0.11 during midday trading on Wednesday, reaching $29.93. The company’s stock had a trading volume of 5,941 shares, compared to its average volume of 727,168. The business has a 50 day moving average of $30.62. The stock has a market capitalization of $7.83 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 2.18 and a beta of 1.09. The company has a quick ratio of 2.42, a current ratio of 3.92 and a debt-to-equity ratio of 0.63. Sociedad Quimica y Minera de Chile has a 12-month low of $28.30 and a 12-month high of $49.21.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last released its earnings results on Wednesday, May 22nd. The basic materials company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.04). The business had revenue of $504.20 million during the quarter, compared to analysts’ expectations of $487.04 million. Sociedad Quimica y Minera de Chile had a return on equity of 19.01% and a net margin of 18.06%. As a group, analysts predict that Sociedad Quimica y Minera de Chile will post 1.4 EPS for the current fiscal year.

Sociedad Quimica y Minera de Chile Company Profile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, industrial chemicals, potassium, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty mixes, and other specialty fertilizers for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

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

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