Unison Advisors LLC Buys New Position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Unison Advisors LLC purchased a new position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 62,500 shares of the basic materials company’s stock, valued at approximately $2,547,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Headlands Technologies LLC purchased a new stake in shares of Sociedad Química y Minera de Chile in the 1st quarter worth $34,000. CWM LLC grew its holdings in Sociedad Química y Minera de Chile by 40.1% during the first quarter. CWM LLC now owns 790 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 226 shares during the period. Accent Capital Management LLC purchased a new stake in Sociedad Química y Minera de Chile in the fourth quarter worth about $47,000. EverSource Wealth Advisors LLC raised its stake in shares of Sociedad Química y Minera de Chile by 133.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 830 shares of the basic materials company’s stock worth $50,000 after buying an additional 475 shares during the period. Finally, Whittier Trust Co. lifted its position in shares of Sociedad Química y Minera de Chile by 6,315.8% during the 1st quarter. Whittier Trust Co. now owns 1,219 shares of the basic materials company’s stock valued at $60,000 after buying an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Price Performance

Shares of Sociedad Química y Minera de Chile stock traded up $0.60 during trading on Friday, reaching $36.58. 1,149,560 shares of the stock traded hands, compared to its average volume of 1,240,256. Sociedad Química y Minera de Chile S.A. has a 52-week low of $32.24 and a 52-week high of $70.90. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.34 and a quick ratio of 1.61. The business has a fifty day simple moving average of $40.76 and a two-hundred day simple moving average of $44.48. The company has a market capitalization of $10.45 billion, a price-to-earnings ratio of 26.32, a P/E/G ratio of 242.44 and a beta of 1.05.

Sociedad Química y Minera de Chile (NYSE:SQM) last announced its quarterly earnings results on Thursday, May 23rd. The basic materials company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of ($1.72) by $2.52. Sociedad Química y Minera de Chile had a return on equity of 30.74% and a net margin of 6.25%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. Sell-side analysts expect that Sociedad Química y Minera de Chile S.A. will post 0.06 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Sociedad Química y Minera de Chile from $45.00 to $36.00 and set a “hold” rating for the company in a report on Thursday, July 18th. The Goldman Sachs Group upgraded shares of Sociedad Química y Minera de Chile from a “neutral” rating to a “buy” rating in a research report on Friday. BMO Capital Markets dropped their target price 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 report on Friday, May 24th. Berenberg Bank started coverage on Sociedad Química y Minera de Chile in a research note on Wednesday, July 31st. They issued a “hold” rating and a $35.00 price target for the company. Finally, Bank of America lowered their price objective on Sociedad Química y Minera de Chile from $48.00 to $47.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $57.33.

Sociedad Química y Minera de Chile 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.