Sociedad Quimica y Minera de Chile (SQM) Shares Sold by Advisor Group Inc.

Advisor Group Inc. trimmed its holdings in Sociedad Quimica y Minera de Chile (NYSE:SQM) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,699 shares of the basic materials company’s stock after selling 456 shares during the quarter. Advisor Group Inc.’s holdings in Sociedad Quimica y Minera de Chile were worth $295,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Earnest Partners LLC acquired a new position in Sociedad Quimica y Minera de Chile in the 3rd quarter valued at $89,882,000. FMR LLC increased its stake in Sociedad Quimica y Minera de Chile by 156.1% in the 3rd quarter. FMR LLC now owns 1,027,900 shares of the basic materials company’s stock valued at $46,995,000 after buying an additional 626,500 shares during the period. Macquarie Group Ltd. increased its stake in Sociedad Quimica y Minera de Chile by 73.7% in the 3rd quarter. Macquarie Group Ltd. now owns 1,171,734 shares of the basic materials company’s stock valued at $53,572,000 after buying an additional 497,339 shares during the period. Marshall Wace LLP increased its stake in Sociedad Quimica y Minera de Chile by 650.2% in the 3rd quarter. Marshall Wace LLP now owns 401,998 shares of the basic materials company’s stock valued at $18,379,000 after buying an additional 348,412 shares during the period. Finally, Clearbridge Investments LLC increased its stake in Sociedad Quimica y Minera de Chile by 68.9% in the 3rd quarter. Clearbridge Investments LLC now owns 686,414 shares of the basic materials company’s stock valued at $31,383,000 after buying an additional 280,066 shares during the period. 11.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sociedad Quimica y Minera de Chile stock traded down $0.50 on Friday, hitting $38.08. The company’s stock had a trading volume of 631,301 shares, compared to its average volume of 554,105. Sociedad Quimica y Minera de Chile has a 52-week low of $36.57 and a 52-week high of $58.69. The company has a quick ratio of 2.67, a current ratio of 4.32 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $10.02 billion, a PE ratio of 22.80, a P/E/G ratio of 1.58 and a beta of 1.08.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last released its quarterly earnings data on Thursday, February 28th. The basic materials company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). Sociedad Quimica y Minera de Chile had a return on equity of 20.29% and a net margin of 19.41%. The business had revenue of $565.20 million during the quarter, compared to analysts’ expectations of $560.66 million. On average, research analysts expect that Sociedad Quimica y Minera de Chile will post 1.59 EPS for the current fiscal year.

A number of research firms have recently weighed in on SQM. Morgan Stanley reaffirmed an “underweight” rating and set a $35.00 price target (down from $44.00) on shares of Sociedad Quimica y Minera de Chile in a research note on Friday, April 12th. Santander cut shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. TheStreet cut shares of Sociedad Quimica y Minera de Chile from a “b-” rating to a “c” rating in a research note on Tuesday, March 19th. Zacks Investment Research cut shares of Sociedad Quimica y Minera de Chile from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 13th. Finally, Bank of America cut shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “neutral” rating in a research note on Thursday, March 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $45.43.

TRADEMARK VIOLATION WARNING: “Sociedad Quimica y Minera de Chile (SQM) Shares Sold by Advisor Group Inc.” was first reported by Baseball Daily News and is owned by of Baseball Daily News. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and international copyright law. The correct version of this report can be viewed at https://www.baseballdailydigest.com/news/2019/04/21/sociedad-quimica-y-minera-de-chile-sqm-stake-lessened-by-advisor-group-inc.html.

About Sociedad Quimica y Minera de Chile

Sociedad Química 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.

Featured Article: When is a capital gain realized?

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

Receive News & Ratings for Sociedad Quimica y Minera de Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sociedad Quimica y Minera de Chile and related companies with MarketBeat.com's FREE daily email newsletter.