Tandem Capital Management Corp ADV Has $221,000 Stock Holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Tandem Capital Management Corp ADV cut its stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 24.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,665 shares of the basic materials company’s stock after selling 1,170 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Sociedad Química y Minera de Chile were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of SQM. National Bank of Canada FI increased its position in Sociedad Química y Minera de Chile by 153.8% during the third quarter. National Bank of Canada FI now owns 825 shares of the basic materials company’s stock worth $46,000 after buying an additional 500 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of Sociedad Química y Minera de Chile in the third quarter worth about $63,000. Avior Wealth Management LLC increased its stake in shares of Sociedad Química y Minera de Chile by 25.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,253 shares of the basic materials company’s stock worth $75,000 after purchasing an additional 253 shares during the period. Blue Trust Inc. increased its stake in shares of Sociedad Química y Minera de Chile by 22.4% in the fourth quarter. Blue Trust Inc. now owns 1,414 shares of the basic materials company’s stock worth $84,000 after purchasing an additional 259 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of Sociedad Química y Minera de Chile by 44.4% in the third quarter. IFP Advisors Inc now owns 1,539 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 473 shares during the period. 12.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on SQM. TheStreet lowered Sociedad Química y Minera de Chile from a “b-” rating to a “c” rating in a research note on Friday, February 2nd. Scotiabank decreased their target price on Sociedad Química y Minera de Chile from $80.00 to $70.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 4th. Deutsche Bank Aktiengesellschaft decreased their target price on Sociedad Química y Minera de Chile from $48.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, April 19th. StockNews.com downgraded Sociedad Química y Minera de Chile from a “hold” rating to a “sell” rating in a research report on Monday, March 4th. Finally, Jefferies Financial Group raised Sociedad Química y Minera de Chile from a “hold” rating to a “buy” rating and lifted their target price for the stock from $52.00 to $62.80 in a research report on Monday, April 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $65.18.

Sociedad Química y Minera de Chile Price Performance

Shares of SQM traded up $0.25 on Thursday, hitting $43.52. The company’s stock had a trading volume of 1,212,368 shares, compared to its average volume of 1,442,422. The company has a market capitalization of $12.43 billion, a PE ratio of 6.17 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.49 and a quick ratio of 1.74. Sociedad Química y Minera de Chile S.A. has a fifty-two week low of $38.50 and a fifty-two week high of $81.50. The company has a 50 day moving average price of $47.17 and a 200 day moving average price of $49.59.

Sociedad Química y Minera de Chile (NYSE:SQM) last announced its earnings results on Wednesday, February 28th. The basic materials company reported $0.71 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.51). The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.36 billion. Sociedad Química y Minera de Chile had a return on equity of 37.86% and a net margin of 26.95%. During the same period in the previous year, the firm earned $4.03 earnings per share. On average, research analysts anticipate that Sociedad Química y Minera de Chile S.A. will post 4.18 earnings per share for the current fiscal year.

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.