GAMMA Investing LLC Purchases 14,986 Shares of Sociedad Quimica y Minera S.A. (NYSE:SQM)

GAMMA Investing LLC grew its position in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 4,834.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,296 shares of the basic materials company’s stock after acquiring an additional 14,986 shares during the quarter. GAMMA Investing LLC’s holdings in Sociedad Quimica y Minera were worth $608,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Kestra Investment Management LLC acquired a new stake in Sociedad Quimica y Minera in the 4th quarter valued at $39,000. Jones Financial Companies Lllp boosted its stake in Sociedad Quimica y Minera by 803.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,075 shares of the basic materials company’s stock valued at $39,000 after buying an additional 956 shares in the last quarter. National Bank of Canada FI acquired a new stake in Sociedad Quimica y Minera in the 4th quarter valued at $68,000. Greenline Partners LLC acquired a new stake in Sociedad Quimica y Minera in the 4th quarter valued at $102,000. Finally, Signaturefd LLC boosted its stake in Sociedad Quimica y Minera by 18.1% in the 4th quarter. Signaturefd LLC now owns 2,953 shares of the basic materials company’s stock valued at $107,000 after buying an additional 453 shares in the last quarter. Institutional investors own 12.41% of the company’s stock.

Sociedad Quimica y Minera Trading Up 2.9%

Shares of SQM stock opened at $33.09 on Thursday. Sociedad Quimica y Minera S.A. has a fifty-two week low of $29.36 and a fifty-two week high of $45.89. The company has a market cap of $9.45 billion, a PE ratio of 15.68 and a beta of 1.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.96 and a current ratio of 2.88. The stock’s fifty day moving average price is $33.82 and its two-hundred day moving average price is $37.35.

Sociedad Quimica y Minera (NYSE:SQM) last posted its quarterly earnings data on Wednesday, May 28th. The basic materials company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.15). The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.05 billion. Sociedad Quimica y Minera had a return on equity of 11.71% and a net margin of 13.45%. The business’s revenue was down 4.4% on a year-over-year basis. During the same period last year, the business posted ($3.04) earnings per share. Equities analysts predict that Sociedad Quimica y Minera S.A. will post -1.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on SQM shares. JPMorgan Chase & Co. decreased their price target on Sociedad Quimica y Minera from $44.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, June 12th. BMO Capital Markets cut their price objective on Sociedad Quimica y Minera from $55.00 to $45.00 and set an “outperform” rating for the company in a research report on Thursday, May 29th. Finally, Scotiabank cut their price objective on Sociedad Quimica y Minera from $50.00 to $45.00 and set a “sector outperform” rating for the company in a research report on Friday, May 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $41.14.

Sociedad Quimica y Minera 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.