Jane Street Group LLC reduced its position in Sociedad Quimica y Minera de Chile (NYSE:SQM) by 79.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,834 shares of the basic materials company’s stock after selling 26,371 shares during the quarter. Jane Street Group LLC’s holdings in Sociedad Quimica y Minera de Chile were worth $213,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Scotia Capital Inc. grew its stake in shares of Sociedad Quimica y Minera de Chile by 3.0% in the 2nd quarter. Scotia Capital Inc. now owns 16,047 shares of the basic materials company’s stock worth $499,000 after acquiring an additional 473 shares in the last quarter. Cornerstone Advisors Inc. lifted its holdings in shares of Sociedad Quimica y Minera de Chile by 156.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,285 shares of the basic materials company’s stock worth $40,000 after buying an additional 784 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Sociedad Quimica y Minera de Chile by 453.9% in the second quarter. Parallel Advisors LLC now owns 1,346 shares of the basic materials company’s stock worth $42,000 after buying an additional 1,103 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Sociedad Quimica y Minera de Chile by 70.5% in the second quarter. Assetmark Inc. now owns 3,242 shares of the basic materials company’s stock worth $101,000 after buying an additional 1,341 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Sociedad Quimica y Minera de Chile by 3.8% in the first quarter. First Trust Advisors LP now owns 38,876 shares of the basic materials company’s stock worth $1,494,000 after buying an additional 1,420 shares in the last quarter. 10.04% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on SQM shares. JPMorgan Chase & Co. cut shares of Sociedad Quimica y Minera de Chile from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $29.00 to $23.00 in a research report on Thursday, August 22nd. Citigroup reiterated a “neutral” rating and set a $25.00 price target (down from $33.00) on shares of Sociedad Quimica y Minera de Chile in a research report on Monday, August 26th. BMO Capital Markets set a $24.00 price target on shares of Sociedad Quimica y Minera de Chile and gave the company a “hold” rating in a research report on Friday, August 23rd. ValuEngine upgraded shares of Sociedad Quimica y Minera de Chile from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th. Finally, Morgan Stanley upgraded shares of Sociedad Quimica y Minera de Chile from an “underweight” rating to an “equal weight” rating in a research report on Friday, July 12th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $29.50.

NYSE SQM traded down $0.20 during trading hours on Monday, hitting $27.97. The company’s stock had a trading volume of 6,917 shares, compared to its average volume of 469,347. Sociedad Quimica y Minera de Chile has a 12 month low of $22.71 and a 12 month high of $48.63. The company’s 50 day simple moving average is $26.15 and its two-hundred day simple moving average is $30.90. The company has a market cap of $7.11 billion, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 2.36 and a beta of 1.16. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.80 and a quick ratio of 1.83.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last released its quarterly earnings results on Wednesday, August 21st. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.09). Sociedad Quimica y Minera de Chile had a net margin of 16.27% and a return on equity of 16.04%. The firm had revenue of $494.10 million for the quarter, compared to the consensus estimate of $525.73 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The company’s revenue for the quarter was down 22.6% compared to the same quarter last year. As a group, research analysts predict that Sociedad Quimica y Minera de Chile will post 1.15 earnings per share for the current fiscal year.

The company also recently disclosed a — dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 6th were issued a dividend of $0.2667 per share. The ex-dividend date was Thursday, September 5th. This represents a dividend yield of 4.3%. Sociedad Quimica y Minera de Chile’s dividend payout ratio (DPR) is 41.32%.

About Sociedad Quimica y Minera de Chile

Sociedad QuĂ­mica 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.

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

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