Duality Advisers LP Reduces Holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Duality Advisers LP decreased its holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 67.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 22,993 shares of the basic materials company’s stock after selling 46,791 shares during the quarter. Duality Advisers LP’s holdings in Sociedad Química y Minera de Chile were worth $1,385,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. National Bank of Canada FI boosted its holdings in shares of Sociedad Química y Minera de Chile by 153.8% in the third quarter. National Bank of Canada FI now owns 825 shares of the basic materials company’s stock worth $46,000 after buying an additional 500 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in Sociedad Química y Minera de Chile during the third quarter valued at approximately $63,000. Ronald Blue Trust Inc. lifted its holdings in Sociedad Química y Minera de Chile by 360.2% during the third quarter. Ronald Blue Trust Inc. now owns 1,155 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 904 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in Sociedad Química y Minera de Chile by 25.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,253 shares of the basic materials company’s stock valued at $75,000 after purchasing an additional 253 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Sociedad Química y Minera de Chile by 22.4% during the fourth quarter. Blue Trust Inc. now owns 1,414 shares of the basic materials company’s stock valued at $84,000 after purchasing an additional 259 shares in the last quarter. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. StockNews.com downgraded shares of Sociedad Química y Minera de Chile from a “hold” rating to a “sell” rating in a report on Monday, March 4th. BMO Capital Markets lowered their price target on shares of Sociedad Química y Minera de Chile from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. The Goldman Sachs Group lowered their price target on shares of Sociedad Química y Minera de Chile from $54.50 to $46.50 and set a “neutral” rating on the stock in a report on Tuesday. Jefferies Financial Group upgraded shares of Sociedad Química y Minera de Chile from a “hold” rating to a “buy” rating and lifted their price objective for the company from $52.00 to $62.80 in a research report on Monday, April 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Sociedad Química y Minera de Chile from $48.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, April 19th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Sociedad Química y Minera de Chile presently has a consensus rating of “Hold” and a consensus target price of $65.18.

Sociedad Química y Minera de Chile Stock Performance

Shares of Sociedad Química y Minera de Chile stock opened at $44.79 on Wednesday. The firm has a market capitalization of $12.79 billion, a P/E ratio of 6.35 and a beta of 1.07. Sociedad Química y Minera de Chile S.A. has a 52 week low of $38.50 and a 52 week high of $81.50. The company has a 50 day moving average price of $47.11 and a 200 day moving average price of $49.64. The company has a quick ratio of 1.74, a current ratio of 2.49 and a debt-to-equity ratio of 0.58.

Sociedad Química y Minera de Chile (NYSE:SQM) last released its quarterly earnings results on Wednesday, February 28th. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.51). Sociedad Química y Minera de Chile had a net margin of 26.95% and a return on equity of 37.86%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the business posted $4.03 EPS. Sell-side analysts expect that Sociedad Química y Minera de Chile S.A. will post 4.18 EPS for the current year.

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.