Avantax Advisory Services Inc. Buys New Position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Avantax Advisory Services Inc. bought a new stake in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,425 shares of the basic materials company's stock, valued at approximately $343,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Sociedad Química y Minera de Chile during the third quarter valued at $353,000. Mirabella Financial Services LLP purchased a new stake in Sociedad Química y Minera de Chile in the 3rd quarter worth about $1,116,000. Bank of Montreal Can boosted its position in Sociedad Química y Minera de Chile by 19.7% during the 3rd quarter. Bank of Montreal Can now owns 109,286 shares of the basic materials company's stock worth $4,555,000 after acquiring an additional 18,001 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Sociedad Química y Minera de Chile by 19.3% during the third quarter. The Manufacturers Life Insurance Company now owns 13,148 shares of the basic materials company's stock worth $548,000 after purchasing an additional 2,128 shares during the period. Finally, FMR LLC grew its position in Sociedad Química y Minera de Chile by 1,076.3% during the third quarter. FMR LLC now owns 18,726 shares of the basic materials company's stock valued at $781,000 after purchasing an additional 17,134 shares in the last quarter. 12.41% of the stock is owned by institutional investors and hedge funds.

Sociedad Química y Minera de Chile Stock Down 1.0 %

Shares of SQM traded down $0.42 during mid-day trading on Tuesday, hitting $42.73. 1,041,611 shares of the company's stock were exchanged, compared to its average volume of 1,058,813. The company has a quick ratio of 2.05, a current ratio of 2.94 and a debt-to-equity ratio of 0.74. Sociedad Química y Minera de Chile S.A. has a twelve month low of $32.24 and a twelve month high of $51.90. The firm has a fifty day moving average of $40.28 and a two-hundred day moving average of $39.34. The stock has a market cap of $12.21 billion, a price-to-earnings ratio of -38.50, a P/E/G ratio of 5.00 and a beta of 1.08.

Remove Ads

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

Wall Street Analysts Forecast Growth

Separately, Scotiabank cut their target price on shares of Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a "sector outperform" rating for the company in a research report on Monday, November 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Sociedad Química y Minera de Chile presently 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.