Edmond DE Rothschild Holding S.A. Buys 3,000 Shares of Sociedad Quimica y Minera S.A. $SQM

Edmond DE Rothschild Holding S.A. lifted its position in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) by 22.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,212 shares of the basic materials company’s stock after buying an additional 3,000 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Sociedad Quimica y Minera were worth $572,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SQM. Brooklyn Investment Group grew its holdings in shares of Sociedad Quimica y Minera by 61,700.0% in the 1st quarter. Brooklyn Investment Group now owns 618 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 617 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Sociedad Quimica y Minera during the 1st quarter worth about $34,000. Farther Finance Advisors LLC grew its position in shares of Sociedad Quimica y Minera by 153.0% in the second quarter. Farther Finance Advisors LLC now owns 969 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 586 shares during the last quarter. IFP Advisors Inc grew its holdings in Sociedad Quimica y Minera by 728.0% in the 1st quarter. IFP Advisors Inc now owns 1,242 shares of the basic materials company’s stock valued at $49,000 after buying an additional 1,092 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Sociedad Quimica y Minera in the first quarter valued at about $105,000. Institutional investors own 12.41% of the company’s stock.

Sociedad Quimica y Minera Stock Up 2.4%

Sociedad Quimica y Minera stock opened at $63.28 on Thursday. The firm has a market capitalization of $18.07 billion, a price-to-earnings ratio of 37.89 and a beta of 1.14. The company has a current ratio of 2.92, a quick ratio of 1.93 and a debt-to-equity ratio of 0.70. Sociedad Quimica y Minera S.A. has a 1-year low of $29.36 and a 1-year high of $64.60. The firm’s fifty day moving average price is $47.99 and its two-hundred day moving average price is $41.66.

Sociedad Quimica y Minera (NYSE:SQM) last issued its quarterly earnings data on Tuesday, November 18th. The basic materials company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.06). The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. Sociedad Quimica y Minera had a return on equity of 9.09% and a net margin of 11.29%.The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 earnings per share. On average, equities research analysts predict that Sociedad Quimica y Minera S.A. will post -1.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Sociedad Quimica y Minera in a research note on Wednesday, November 19th. Rothschild Redb upgraded shares of Sociedad Quimica y Minera to a “hold” rating in a research report on Friday, October 24th. Rothschild & Co Redburn began coverage on Sociedad Quimica y Minera in a report on Friday, October 24th. They issued a “neutral” rating and a $54.00 target price for the company. BMO Capital Markets raised their price target on shares of Sociedad Quimica y Minera from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Finally, Zacks Research upgraded Sociedad Quimica y Minera from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $49.07.

Sociedad Quimica y Minera Company 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.