It has underperformed by 26.46% the S&P500.The move comes after 8 months negative chart setup for the $643.24 million company. We have $16.43 PT which if reached, will make NASDAQ:MGNX worth $38.59 million less.
Shares of Sociedad Quimica y Minera (NYSE SQM) opened at 48.04 on Tuesday. As of quarter end Sailingstone Capital Partners LLC had sold a total of 9,142,267 shares trimming its stake by 77.4%. The SI to Sociedad Quimica Y Minera DE Chi’s float is 2.06%. The stock rose 2.71% or $1.27 reaching $48.2. About 41,583 shares traded. The stock of Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) earned “Neutral” rating by JP Morgan on Wednesday, September 30. It has outperformed by 53.10% the S&P500. The analyst recommendations from a month ago are 1 Buy, 0 Overweight, 1 Sell, 7 Hold and 0 Underweight. Therefore 25% are positive.
SQM has been the topic of several analyst reports. The rating was maintained by BMO Capital Markets on Thursday, July 6 with “Hold”. Citigroup initiated the stock with “Neutral” rating in Thursday, September 17 report. FireEye Inc (NASDAQ:FEYE) has risen 11.41% since September 2, 2016 and is uptrending. Stifel Nicolaus maintained it with “Hold” rating and $5900 target in Thursday, August 3 report.
Investors sentiment increased to 1.05 in 2016 Q4. Invictus RG now owns 3,072 shares of the basic materials company’s stock valued at $106,000 after buying an additional 1,909 shares during the period. The basic materials company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by $0.01. Quantbot LP owns 6,301 shares. Pitcairn invested 0.03% of its portfolio in Gigamon Inc (NYSE:GIMO). SQM’s SI was 1.98M shares in September as released by FINRA. Allianz Asset Ag has 67,337 shares. Focused Wealth Management, New York-based fund reported 375 shares. Moreover, Balyasny Asset Mgmt Llc has 0.01% invested in MacroGenics Inc (NASDAQ:MGNX) for 61,827 shares. Pinebridge LP has 0.04% invested in Insight Enterprises, Inc. Moreover, Ameriprise has 0.01% invested in Cabelas Inc (NYSE:CAB) for 180,837 shares. 121,278 were accumulated by Citadel Ltd Llc. Voloridge Inv Mngmt Limited Co has invested 0.04% in Gigamon Inc (NYSE:GIMO). Federated Invsts Pa stated it has 0.01% in MacroGenics Inc (NASDAQ:MGNX).
MacroGenics, Inc.is a clinical-stage biopharmaceutical firm focused on discovering and developing monoclonal antibody therapeutics for the treatment of cancer, as well as various autoimmune disorders and infectious diseases. The company has market cap of $11.58 billion.
Here are a few other firms who have also updated their positions. It now has negative earnings. Zacks Investment Research upgraded shares of Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Wednesday, June 21st. Therefore 29% are positive.
Sociedad Quimica y Minera de Chile SA (SQM), is a producer of potassium nitrate and iodine. Sociedad Quimica y Minera S.A. also recently announced a dividend paid on Monday the 26th of June 2017. The rating was downgraded by HSBC to “Hold” on Tuesday, November 17. The rating was downgraded by Zacks to “Hold” on Friday, August 28. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company.
On August 29 BMO Capital kept the company rating at “Market Perform” and raised the price expectation to $45.00 from $30.00. The rating was upgraded by HSBC on Wednesday, October 19 to “Buy”. The stock of Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) has “Neutral” rating given on Wednesday, January 25 by Citigroup.
Sociedad Quimica y Minera S.A. now has a P/E ratio of 36.21 and market capitalization is 12.50B.
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