Headlands Technologies LLC Boosts Holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Headlands Technologies LLC grew its position in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 680.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,325 shares of the basic materials company’s stock after purchasing an additional 4,643 shares during the period. Headlands Technologies LLC’s holdings in Sociedad Química y Minera de Chile were worth $217,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SQM. Blue Trust Inc. grew its position in shares of Sociedad Química y Minera de Chile by 396.2% during the second quarter. Blue Trust Inc. now owns 913 shares of the basic materials company’s stock worth $37,000 after buying an additional 729 shares in the last quarter. CWM LLC grew its position in shares of Sociedad Química y Minera de Chile by 40.1% during the first quarter. CWM LLC now owns 790 shares of the basic materials company’s stock worth $39,000 after buying an additional 226 shares in the last quarter. Accent Capital Management LLC acquired a new stake in shares of Sociedad Química y Minera de Chile during the fourth quarter worth approximately $47,000. EverSource Wealth Advisors LLC grew its position in shares of Sociedad Química y Minera de Chile by 133.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 830 shares of the basic materials company’s stock worth $50,000 after buying an additional 475 shares in the last quarter. Finally, Whittier Trust Co. grew its position in shares of Sociedad Química y Minera de Chile by 6,315.8% during the first quarter. Whittier Trust Co. now owns 1,219 shares of the basic materials company’s stock worth $60,000 after buying an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Stock Performance

SQM stock opened at $38.23 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.47 and a current ratio of 2.19. The stock has a market capitalization of $10.92 billion, a price-to-earnings ratio of 27.50 and a beta of 1.02. Sociedad Química y Minera de Chile S.A. has a 1 year low of $32.24 and a 1 year high of $64.62. The stock’s fifty day moving average is $37.87 and its two-hundred day moving average is $43.47.

Sociedad Química y Minera de Chile (NYSE:SQM) last posted its earnings results on Wednesday, August 21st. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.24). The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. Sociedad Química y Minera de Chile had a net margin of 0.48% and a return on equity of 23.15%. During the same quarter in the previous year, the business posted $2.03 earnings per share. On average, research analysts predict that Sociedad Química y Minera de Chile S.A. will post -0.88 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on SQM shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Sociedad Química y Minera de Chile from $45.00 to $36.00 and set a “hold” rating for the company in a research report on Thursday, July 18th. The Goldman Sachs Group raised shares of Sociedad Química y Minera de Chile from a “neutral” rating to a “buy” rating in a research report on Friday, August 9th. Bank of America decreased their price objective on shares of Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an “underperform” rating for the company in a report on Wednesday, August 21st. Berenberg Bank started coverage on shares of Sociedad Química y Minera de Chile in a report on Wednesday, July 31st. They issued a “hold” rating and a $35.00 price objective for the company. Finally, BMO Capital Markets decreased their price objective on shares of Sociedad Química y Minera de Chile from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, May 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $50.06.

About Sociedad Química y Minera de Chile

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.