24,269 Shares in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Purchased by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 24,269 shares of the basic materials company’s stock, valued at approximately $989,000.

Other hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in shares of Sociedad Química y Minera de Chile during the first quarter worth approximately $34,000. Blue Trust Inc. increased its stake in Sociedad Química y Minera de Chile by 396.2% in the 2nd quarter. Blue Trust Inc. now owns 913 shares of the basic materials company’s stock valued at $37,000 after buying an additional 729 shares during the period. CWM LLC raised its position in Sociedad Química y Minera de Chile by 40.1% during the 1st quarter. CWM LLC now owns 790 shares of the basic materials company’s stock worth $39,000 after buying an additional 226 shares during the last quarter. Accent Capital Management LLC purchased a new position in Sociedad Química y Minera de Chile during the 4th quarter worth $47,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Sociedad Química y Minera de Chile by 133.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 830 shares of the basic materials company’s stock worth $50,000 after acquiring an additional 475 shares during the period. 12.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Sociedad Química y Minera de Chile from $45.00 to $36.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. Jefferies Financial Group lowered their price target on shares of Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a “buy” rating on the stock in a research note on Monday, August 26th. The Goldman Sachs Group upgraded shares of Sociedad Química y Minera de Chile from a “neutral” rating to a “buy” rating in a research note on Friday, August 9th. Berenberg Bank started coverage on shares of Sociedad Química y Minera de Chile in a research report on Wednesday, July 31st. They set a “hold” rating and a $35.00 target price on the stock. Finally, BMO Capital Markets reduced their price target on shares of Sociedad Química y Minera de Chile from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, May 24th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $50.06.

Sociedad Química y Minera de Chile Stock Down 2.0 %

SQM stock opened at $37.65 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.47. The company’s 50 day simple moving average is $37.77 and its 200-day simple moving average is $43.28. Sociedad Química y Minera de Chile S.A. has a 12 month low of $32.24 and a 12 month high of $64.62. The firm has a market capitalization of $10.75 billion, a PE ratio of 27.09 and a beta of 1.02.

Sociedad Química y Minera de Chile (NYSE:SQM) last announced its earnings results on Wednesday, August 21st. The basic materials company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.24). Sociedad Química y Minera de Chile had a net margin of 0.48% and a return on equity of 23.15%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the company posted $2.03 EPS. Equities analysts expect that Sociedad Química y Minera de Chile S.A. will post -0.88 earnings per share for the current fiscal year.

Sociedad Química y Minera de Chile Company Profile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine derivatives, lithium derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.