Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Position Lifted by Moneda S.A. Administradora General de Fondos

Moneda S.A. Administradora General de Fondos grew its holdings in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 493.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 119,691 shares of the basic materials company’s stock after purchasing an additional 99,532 shares during the quarter. Sociedad Química y Minera de Chile makes up about 4.5% of Moneda S.A. Administradora General de Fondos’ investment portfolio, making the stock its 7th biggest position. Moneda S.A. Administradora General de Fondos’ holdings in Sociedad Química y Minera de Chile were worth $4,352,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new position in shares of Sociedad Química y Minera de Chile during the 4th quarter worth $213,000. Jones Financial Companies Lllp raised its position in shares of Sociedad Química y Minera de Chile by 803.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,075 shares of the basic materials company’s stock worth $39,000 after buying an additional 956 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Sociedad Química y Minera de Chile in the 4th quarter worth $393,000. Sigma Planning Corp raised its position in shares of Sociedad Química y Minera de Chile by 4.7% in the 4th quarter. Sigma Planning Corp now owns 13,011 shares of the basic materials company’s stock worth $473,000 after buying an additional 581 shares during the period. Finally, WP Advisors LLC raised its position in shares of Sociedad Química y Minera de Chile by 4.2% in the 4th quarter. WP Advisors LLC now owns 25,355 shares of the basic materials company’s stock worth $922,000 after buying an additional 1,032 shares during the period. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Stock Down 2.6 %

Shares of Sociedad Química y Minera de Chile stock opened at $37.38 on Tuesday. The business has a 50-day moving average of $38.75 and a 200-day moving average of $38.80. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.94 and a quick ratio of 2.05. The company has a market capitalization of $10.68 billion, a PE ratio of -33.68, a P/E/G ratio of 5.00 and a beta of 1.04. Sociedad Química y Minera de Chile S.A. has a 1-year low of $32.24 and a 1-year high of $51.90.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SQM. Deutsche Bank Aktiengesellschaft cut their target price on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. StockNews.com raised Sociedad Química y Minera de Chile to a “sell” rating in a research report on Thursday, November 21st. Finally, Scotiabank cut their target price 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 report on Monday, November 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $45.56.

About Sociedad Química y Minera de Chile

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.