MGO One Seven LLC Sells 4,193 Shares of Sociedad Quimica y Minera S.A. $SQM

MGO One Seven LLC decreased its holdings in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 20.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,923 shares of the basic materials company’s stock after selling 4,193 shares during the period. MGO One Seven LLC’s holdings in Sociedad Quimica y Minera were worth $562,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brooklyn Investment Group increased its holdings in shares of Sociedad Quimica y Minera by 61,700.0% in the 1st quarter. Brooklyn Investment Group now owns 618 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 617 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Sociedad Quimica y Minera in the 1st quarter worth $34,000. Farther Finance Advisors LLC grew its holdings in shares of Sociedad Quimica y Minera by 153.0% in the second quarter. Farther Finance Advisors LLC now owns 969 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 586 shares during the period. IFP Advisors Inc grew its holdings in shares of Sociedad Quimica y Minera by 728.0% in the first quarter. IFP Advisors Inc now owns 1,242 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 1,092 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Sociedad Quimica y Minera in the first quarter worth $96,000. Institutional investors own 12.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sociedad Quimica y Minera in a report on Wednesday, October 8th. Bank of America lifted their price objective on Sociedad Quimica y Minera from $36.50 to $43.50 and gave the stock an “underperform” rating in a report on Tuesday, August 26th. BMO Capital Markets lifted their price objective on Sociedad Quimica y Minera from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $50.00 price objective (down previously from $53.00) on shares of Sociedad Quimica y Minera in a report on Monday, October 6th. Finally, Itau BBA Securities assumed coverage on Sociedad Quimica y Minera in a report on Thursday, September 4th. They issued an “outperform” rating and a $55.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sociedad Quimica y Minera presently has a consensus rating of “Hold” and an average target price of $45.79.

Sociedad Quimica y Minera Stock Performance

NYSE:SQM opened at $43.78 on Friday. The stock has a 50-day simple moving average of $44.28 and a two-hundred day simple moving average of $38.39. Sociedad Quimica y Minera S.A. has a 52-week low of $29.36 and a 52-week high of $47.51. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.93 and a current ratio of 2.92. The firm has a market capitalization of $12.51 billion, a PE ratio of 26.22 and a beta of 1.08.

Sociedad Quimica y Minera (NYSE:SQM) last released its quarterly earnings results on Wednesday, August 20th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.21). Sociedad Quimica y Minera had a net margin of 11.29% and a return on equity of 9.09%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the firm posted $0.75 EPS. The business’s revenue for the quarter was down 19.4% on a year-over-year basis. Analysts forecast that Sociedad Quimica y Minera S.A. will post -1.31 EPS for the current year.

About Sociedad Quimica y Minera

Sociedad Química y Minera de Chile SA operates as a mining company worldwide. The company offers specialty plant nutrients, including sodium potassium nitrate, specialty blends, and other specialty fertilizers under Ultrasol, Qrop, Speedfol, Allganic, Ultrasoline, ProP, and Prohydric brands. It also provides iodine and its derivatives for use in medical, agricultural, industrial, and human and animal nutrition products comprising x-ray contrast media, biocides, antiseptics and disinfectants, pharmaceutical intermediates, polarizing films for LCD and LED screens, chemicals, organic compounds, and pigments, as well as added to edible salt to prevent iodine deficiency disorders.