Horseman Capital Management Ltd Purchases 8,400 Shares of Sociedad Quimica y Minera S.A. (SQM)

Horseman Capital Management Ltd increased its position in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 389,400 shares of the basic materials company’s stock after acquiring an additional 8,400 shares during the quarter. Sociedad Quimica y Minera comprises about 4.8% of Horseman Capital Management Ltd’s investment portfolio, making the stock its 6th largest position. Horseman Capital Management Ltd owned approximately 0.15% of Sociedad Quimica y Minera worth $21,674,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SQM. Comerica Bank lifted its stake in shares of Sociedad Quimica y Minera by 1.3% during the first quarter. Comerica Bank now owns 6,900 shares of the basic materials company’s stock valued at $242,000 after acquiring an additional 88 shares during the period. Ameriprise Financial Inc. acquired a new position in shares of Sociedad Quimica y Minera during the first quarter valued at $251,000. PNC Financial Services Group Inc. lifted its stake in shares of Sociedad Quimica y Minera by 0.8% during the first quarter. PNC Financial Services Group Inc. now owns 10,248 shares of the basic materials company’s stock valued at $353,000 after acquiring an additional 78 shares during the period. UBS Group AG lifted its stake in shares of Sociedad Quimica y Minera by 39.6% during the first quarter. UBS Group AG now owns 31,546 shares of the basic materials company’s stock valued at $1,085,000 after acquiring an additional 8,943 shares during the period. Finally, Morgan Stanley lifted its stake in shares of Sociedad Quimica y Minera by 23.9% during the first quarter. Morgan Stanley now owns 126,456 shares of the basic materials company’s stock valued at $4,346,000 after acquiring an additional 24,434 shares during the period. 13.64% of the stock is currently owned by institutional investors and hedge funds.

Sociedad Quimica y Minera S.A. (SQM) traded up 4.87% during midday trading on Wednesday, reaching $62.65. The company had a trading volume of 516,689 shares. The stock has a 50-day moving average price of $58.04 and a 200 day moving average price of $43.34. Sociedad Quimica y Minera S.A. has a 12-month low of $26.47 and a 12-month high of $63.80. The company has a market capitalization of $16.49 billion, a PE ratio of 48.34 and a beta of 1.07.

Sociedad Quimica y Minera (NYSE:SQM) last announced its earnings results on Wednesday, August 23rd. The basic materials company reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.01). The company had revenue of $505.70 million for the quarter, compared to analyst estimates of $500.49 million. Sociedad Quimica y Minera had a return on equity of 14.90% and a net margin of 16.28%. Equities analysts forecast that Sociedad Quimica y Minera S.A. will post $1.61 EPS for the current year.

Several equities analysts have recently issued reports on the company. BMO Capital Markets upped their price target on Sociedad Quimica y Minera to $60.00 and gave the company an “average” rating in a research note on Wednesday, October 25th. They noted that the move was a valuation call. HSBC Holdings plc lowered Sociedad Quimica y Minera from a “buy” rating to a “reduce” rating in a research note on Wednesday, October 11th. Santander upgraded Sociedad Quimica y Minera from an “underperform” rating to a “hold” rating in a report on Wednesday, September 13th. Bank of America Corporation upgraded Sociedad Quimica y Minera from a “neutral” rating to a “buy” rating in a report on Wednesday, September 13th. Finally, Zacks Investment Research upgraded Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. Sociedad Quimica y Minera currently has an average rating of “Buy” and a consensus target price of $46.47.

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Sociedad Quimica y Minera Company 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 (NYSE:SQM)

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