Amundi Reduces Position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Amundi cut its stake in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) by 12.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 510,539 shares of the basic materials company's stock after selling 75,303 shares during the period. Amundi owned 0.18% of Sociedad Química y Minera de Chile worth $19,931,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. KBC Group NV increased its stake in shares of Sociedad Química y Minera de Chile by 908.3% in the 3rd quarter. KBC Group NV now owns 64,992 shares of the basic materials company's stock valued at $2,709,000 after purchasing an additional 58,546 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Sociedad Química y Minera de Chile in the third quarter valued at approximately $353,000. Banco Santander S.A. boosted its position in shares of Sociedad Química y Minera de Chile by 24.2% during the 3rd quarter. Banco Santander S.A. now owns 18,270 shares of the basic materials company's stock worth $761,000 after purchasing an additional 3,555 shares in the last quarter. Mirabella Financial Services LLP acquired a new position in shares of Sociedad Química y Minera de Chile during the third quarter worth approximately $1,116,000. Finally, Bank of Montreal Can grew its holdings in shares of Sociedad Química y Minera de Chile by 19.7% during the third quarter. Bank of Montreal Can now owns 109,286 shares of the basic materials company's stock valued at $4,555,000 after buying an additional 18,001 shares during the last quarter. 12.41% of the stock is owned by institutional investors and hedge funds.

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Sociedad Química y Minera de Chile Price Performance

Shares of SQM traded up $2.45 during trading hours on Monday, reaching $45.52. 1,653,832 shares of the company's stock traded hands, compared to its average volume of 1,051,216. Sociedad Química y Minera de Chile S.A. has a 12 month low of $32.24 and a 12 month high of $51.90. The stock has a market cap of $13.00 billion, a PE ratio of -41.01, a price-to-earnings-growth ratio of 5.00 and a beta of 1.08. The company has a current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74. The firm's 50 day simple moving average is $39.59 and its 200-day simple moving average is $39.04.

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.10). The firm had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.01 billion. Sociedad Química y Minera de Chile had a positive return on equity of 16.12% and a negative net margin of 6.74%. Equities analysts expect that Sociedad Química y Minera de Chile S.A. will post -1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SQM. Deutsche Bank Aktiengesellschaft lowered their price target on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a "hold" rating for the company in a research report on Thursday, November 21st. Scotiabank lowered their target price on shares of Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a "sector outperform" rating on the stock in a report on Monday, November 25th. Finally, StockNews.com raised Sociedad Química y Minera de Chile to a "sell" rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $45.56.

Sociedad Química y Minera de Chile 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.