Signaturefd LLC Grows Stock Position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Signaturefd LLC increased its holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 18.1% in the 4th quarter, HoldingsChannel reports. The fund owned 2,953 shares of the basic materials company’s stock after purchasing an additional 453 shares during the quarter. Signaturefd LLC’s holdings in Sociedad Química y Minera de Chile were worth $107,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SQM. FMR LLC lifted its stake in shares of Sociedad Química y Minera de Chile by 1,076.3% in the 3rd 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 during the last quarter. BNP Paribas Financial Markets raised its holdings in Sociedad Química y Minera de Chile by 15.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 152,048 shares of the basic materials company’s stock valued at $6,337,000 after buying an additional 20,616 shares during the period. Manning & Napier Advisors LLC acquired a new position in Sociedad Química y Minera de Chile in the fourth quarter valued at about $120,395,000. Mirabella Financial Services LLP purchased a new position in Sociedad Química y Minera de Chile during the third quarter worth about $1,116,000. Finally, D.B. Root & Company LLC acquired a new stake in shares of Sociedad Química y Minera de Chile during the fourth quarter valued at about $252,000. 12.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Scotiabank decreased their price objective on shares of Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating on the stock in a report on Monday, November 25th. 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $45.56.

Sociedad Química y Minera de Chile Stock Down 0.9 %

Shares of NYSE:SQM opened at $43.84 on Monday. The firm has a market capitalization of $12.52 billion, a PE ratio of -39.50, a price-to-earnings-growth ratio of 5.00 and a beta of 1.08. Sociedad Química y Minera de Chile S.A. has a 1 year low of $32.24 and a 1 year high of $51.90. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.94 and a quick ratio of 2.05. The firm’s 50-day moving average is $40.20 and its two-hundred day moving average is $39.29.

Sociedad Química y Minera de Chile (NYSE:SQM) last announced its earnings results on Tuesday, March 4th. The basic materials company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.10). Sociedad Química y Minera de Chile had a positive return on equity of 16.12% and a negative net margin of 6.74%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Analysts predict that Sociedad Química y Minera de Chile S.A. will post -1.31 EPS for the current year.

Sociedad Química y Minera de Chile 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.