Bronte Capital Management Pty Ltd. Sells 4,276 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Bronte Capital Management Pty Ltd. reduced its stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 3.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 135,201 shares of the basic materials company’s stock after selling 4,276 shares during the period. Sociedad Química y Minera de Chile comprises 0.7% of Bronte Capital Management Pty Ltd.’s investment portfolio, making the stock its 12th biggest holding. Bronte Capital Management Pty Ltd.’s holdings in Sociedad Química y Minera de Chile were worth $4,916,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SQM. Kestra Investment Management LLC purchased a new position in shares of Sociedad Química y Minera de Chile in the 4th quarter worth about $39,000. Jones Financial Companies Lllp boosted its holdings in shares of Sociedad Química y Minera de Chile by 803.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,075 shares of the basic materials company’s stock worth $39,000 after buying an additional 956 shares during the last quarter. R Squared Ltd purchased a new position in shares of Sociedad Química y Minera de Chile in the 4th quarter worth about $58,000. Avior Wealth Management LLC boosted its holdings in shares of Sociedad Química y Minera de Chile by 104.0% in the 4th quarter. Avior Wealth Management LLC now owns 2,128 shares of the basic materials company’s stock worth $77,000 after buying an additional 1,085 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Sociedad Química y Minera de Chile by 23.3% during the fourth quarter. Blue Trust Inc. now owns 3,566 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 675 shares during the last quarter. 12.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on SQM. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. StockNews.com raised shares of Sociedad Química y Minera de Chile to a “sell” rating in a report on Thursday, November 21st. Finally, Scotiabank lowered their price target 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 research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $45.56.

Sociedad Química y Minera de Chile Trading Up 2.0 %

Shares of NYSE:SQM opened at $42.67 on Wednesday. The stock has a 50 day moving average of $39.24 and a 200 day moving average of $38.94. The company has a market cap of $12.19 billion, a PE ratio of -38.44, a price-to-earnings-growth ratio of 5.00 and a beta of 1.08. The company has a current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74. Sociedad Química y Minera de Chile S.A. has a 12-month low of $32.24 and a 12-month high of $51.90.

Sociedad Química y Minera de Chile (NYSE:SQM) last posted its quarterly 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). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.01 billion. Sociedad Química y Minera de Chile had a positive return on equity of 16.12% and a negative net margin of 6.74%. As a group, equities research analysts expect 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.