Bronte Capital Management Pty Ltd. Has $5.98 Million Holdings in Sociedad Quimica y Minera S.A. $SQM

Bronte Capital Management Pty Ltd. boosted its position in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 26.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 169,567 shares of the basic materials company’s stock after buying an additional 35,484 shares during the period. Sociedad Quimica y Minera makes up 1.3% of Bronte Capital Management Pty Ltd.’s holdings, making the stock its 9th biggest holding. Bronte Capital Management Pty Ltd. owned about 0.06% of Sociedad Quimica y Minera worth $5,981,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Saturna Capital Corp grew its holdings in shares of Sociedad Quimica y Minera by 62.7% during the second quarter. Saturna Capital Corp now owns 80,407 shares of the basic materials company’s stock valued at $2,836,000 after buying an additional 31,000 shares during the last quarter. Integrated Quantitative Investments LLC bought a new position in Sociedad Quimica y Minera in the 2nd quarter worth about $1,678,000. Itau Unibanco Holding S.A. purchased a new position in shares of Sociedad Quimica y Minera during the 2nd quarter valued at $32,432,000. Cetera Investment Advisers grew its position in Sociedad Quimica y Minera by 20.4% during the second quarter. Cetera Investment Advisers now owns 20,886 shares of the basic materials company’s stock worth $737,000 after buying an additional 3,545 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Sociedad Quimica y Minera by 104.9% in the 2nd quarter. SG Americas Securities LLC now owns 27,080 shares of the basic materials company’s stock worth $955,000 after buying an additional 13,865 shares during the last quarter. 12.41% of the stock is currently owned by institutional investors and hedge funds.

Sociedad Quimica y Minera Stock Performance

Shares of NYSE:SQM opened at $63.17 on Thursday. The firm’s 50-day moving average is $46.21 and its 200 day moving average is $40.73. The company has a market capitalization of $18.04 billion, a price-to-earnings ratio of 37.82 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 12 month low of $29.36 and a 12 month high of $64.60.

Sociedad Quimica y Minera (NYSE:SQM) last released its earnings results on Tuesday, November 18th. The basic materials company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.07). The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business earned $0.46 EPS. Research analysts predict that Sociedad Quimica y Minera S.A. will post -1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Bank of America increased their target price on shares of Sociedad Quimica y Minera from $36.50 to $43.50 and gave the company an “underperform” rating in a report on Tuesday, August 26th. Rothschild & Co Redburn started coverage on shares of Sociedad Quimica y Minera in a report on Friday, October 24th. They set a “neutral” rating and a $54.00 target price for the company. Rothschild Redb raised Sociedad Quimica y Minera to a “hold” rating in a research report on Friday, October 24th. BMO Capital Markets raised their price target on Sociedad Quimica y Minera from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Finally, JPMorgan Chase & Co. lifted their target price on Sociedad Quimica y Minera from $39.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Sociedad Quimica y Minera currently has a consensus rating of “Hold” and an average target price of $46.81.

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.