Campbell & CO Investment Adviser LLC Buys New Shares in Sociedad Quimica y Minera de Chile (NYSE:SQM)

Campbell & CO Investment Adviser LLC bought a new stake in shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,841 shares of the basic materials company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. purchased a new stake in shares of Sociedad Quimica y Minera de Chile during the 4th quarter valued at $3,446,000. Credit Suisse AG lifted its holdings in shares of Sociedad Quimica y Minera de Chile by 6.6% during the 4th quarter. Credit Suisse AG now owns 11,698 shares of the basic materials company’s stock valued at $313,000 after purchasing an additional 726 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Sociedad Quimica y Minera de Chile by 3.8% during the 1st quarter. First Trust Advisors LP now owns 38,876 shares of the basic materials company’s stock valued at $1,494,000 after purchasing an additional 1,420 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Sociedad Quimica y Minera de Chile by 2.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 80,086 shares of the basic materials company’s stock valued at $2,088,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Sociedad Quimica y Minera de Chile by 1,454.1% during the 4th quarter. Quadrant Capital Group LLC now owns 2,067 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 1,934 shares during the last quarter. Institutional investors own 10.99% of the company’s stock.

SQM has been the subject of several analyst reports. Deutsche Bank decreased their price objective on Sociedad Quimica y Minera de Chile from $30.00 to $28.00 and set a “hold” rating for the company in a report on Friday, May 22nd. Scotiabank lowered Sociedad Quimica y Minera de Chile from a “sector perform” rating to a “sector underperform” rating and decreased their price objective for the company from $24.00 to $20.00 in a report on Thursday, May 21st. Finally, Zacks Investment Research upgraded Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Thursday, July 23rd. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Sociedad Quimica y Minera de Chile currently has a consensus rating of “Hold” and a consensus price target of $25.69.

NYSE SQM opened at $30.55 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.24 and a quick ratio of 2.12. The stock’s fifty day moving average price is $27.96 and its 200 day moving average price is $25.97. Sociedad Quimica y Minera de Chile has a 1 year low of $15.20 and a 1 year high of $33.30. The company has a market cap of $8.00 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 3.00 and a beta of 0.89.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last released its earnings results on Tuesday, May 19th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.06). Sociedad Quimica y Minera de Chile had a net margin of 13.25% and a return on equity of 11.39%. The firm had revenue of $392.00 million during the quarter, compared to analyst estimates of $480.68 million. Research analysts expect that Sociedad Quimica y Minera de Chile will post 1.02 earnings per share for the current year.

Sociedad Quimica y Minera de Chile Company Profile

Sociedad QuĂ­mica y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, industrial chemicals, potassium, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty mixes, and other specialty fertilizers for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

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Institutional Ownership by Quarter for Sociedad Quimica y Minera de Chile (NYSE:SQM)

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