Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Shares Sold by Sprott Inc.

Sprott Inc. trimmed its holdings in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 27.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 14,312 shares of the basic materials company’s stock after selling 5,518 shares during the period. Sprott Inc.’s holdings in Sociedad Química y Minera de Chile were worth $520,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SQM. Manning & Napier Advisors LLC purchased a new stake in Sociedad Química y Minera de Chile during the fourth quarter worth approximately $120,395,000. abrdn plc raised its holdings in Sociedad Química y Minera de Chile by 2.7% during the third quarter. abrdn plc now owns 1,204,942 shares of the basic materials company’s stock worth $49,668,000 after purchasing an additional 31,955 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Sociedad Química y Minera de Chile by 28.4% during the 4th quarter. Van ECK Associates Corp now owns 804,913 shares of the basic materials company’s stock worth $29,267,000 after buying an additional 177,898 shares during the last quarter. North of South Capital LLP lifted its position in shares of Sociedad Química y Minera de Chile by 19.1% during the 4th quarter. North of South Capital LLP now owns 597,057 shares of the basic materials company’s stock worth $21,709,000 after buying an additional 95,564 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Sociedad Química y Minera de Chile by 8.9% in the 3rd quarter. State Street Corp now owns 265,545 shares of the basic materials company’s stock valued at $11,068,000 after buying an additional 21,778 shares in the last quarter. 12.41% of the stock is owned by institutional investors and hedge funds.

Sociedad Química y Minera de Chile Price Performance

Shares of SQM opened at $39.80 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94. Sociedad Química y Minera de Chile S.A. has a fifty-two week low of $32.24 and a fifty-two week high of $51.90. The firm has a 50-day simple moving average of $38.64 and a 200-day simple moving average of $38.72. The company has a market capitalization of $11.37 billion, a price-to-earnings ratio of -35.86, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

Analysts Set New Price Targets

SQM has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. StockNews.com upgraded Sociedad Química y Minera de Chile to a “sell” rating in a research report on Thursday, November 21st. Finally, Scotiabank dropped their price target on Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating on the stock in a research note on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $45.56.

Sociedad Química y Minera de Chile Company Profile

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.