Bamco Inc. NY Sells 536,454 Shares of Sociedad Quimica y Minera de Chile (SQM)

Bamco Inc. NY trimmed its position in shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) by 61.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 329,632 shares of the basic materials company’s stock after selling 536,454 shares during the period. Bamco Inc. NY owned about 0.13% of Sociedad Quimica y Minera de Chile worth $19,570,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. First Personal Financial Services raised its holdings in shares of Sociedad Quimica y Minera de Chile by 326.7% during the fourth quarter. First Personal Financial Services now owns 2,223 shares of the basic materials company’s stock worth $132,000 after acquiring an additional 1,702 shares in the last quarter. FNY Partners Fund LP raised its holdings in Sociedad Quimica y Minera de Chile by 42,957.1% during the fourth quarter. FNY Partners Fund LP now owns 3,000 shares of the basic materials company’s stock valued at $178,000 after buying an additional 3,007 shares in the last quarter. Mackenzie Financial Corp bought a new position in Sociedad Quimica y Minera de Chile during the fourth quarter valued at about $202,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in Sociedad Quimica y Minera de Chile during the third quarter valued at about $245,000. Finally, Advisor Partners LLC bought a new position in Sociedad Quimica y Minera de Chile during the fourth quarter valued at about $247,000. Institutional investors and hedge funds own 12.76% of the company’s stock.

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Several research firms have weighed in on SQM. Scotiabank restated a “hold” rating and set a $60.00 target price on shares of Sociedad Quimica y Minera de Chile in a report on Thursday, January 18th. Deutsche Bank upgraded Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating and raised their target price for the company from $52.00 to $70.00 in a report on Thursday, January 18th. Citigroup upgraded Sociedad Quimica y Minera de Chile from a “neutral” rating to a “buy” rating in a report on Wednesday, January 17th. Morgan Stanley lowered Sociedad Quimica y Minera de Chile from an “equal weight” rating to an “underweight” rating in a report on Monday, February 26th. Finally, Zacks Investment Research lowered Sociedad Quimica y Minera de Chile from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $57.65.

Shares of NYSE:SQM traded down $1.15 during midday trading on Monday, hitting $48.00. The company’s stock had a trading volume of 666,298 shares, compared to its average volume of 1,532,073. The company has a market cap of $12,936.13, a P/E ratio of 29.45, a P/E/G ratio of 1.07 and a beta of 1.04. Sociedad Quimica y Minera de Chile has a fifty-two week low of $32.38 and a fifty-two week high of $64.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.09 and a current ratio of 3.30.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last issued its quarterly earnings results on Wednesday, February 28th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The company had revenue of $574.80 million for the quarter, compared to the consensus estimate of $518.56 million. Sociedad Quimica y Minera de Chile had a return on equity of 19.01% and a net margin of 19.70%. equities analysts predict that Sociedad Quimica y Minera de Chile will post 1.63 EPS for the current year.

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Sociedad Quimica y Minera de Chile Profile

Sociedad Quimica y Minera de Chile SA (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services.

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

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