Ballentine Partners LLC Increases Position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Ballentine Partners LLC increased its stake in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 33.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,903 shares of the basic materials company’s stock after acquiring an additional 1,735 shares during the period. Ballentine Partners LLC’s holdings in Sociedad Química y Minera de Chile were worth $251,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. MFA Wealth Advisors LLC grew its holdings in Sociedad Química y Minera de Chile by 4.7% in the third quarter. MFA Wealth Advisors LLC now owns 7,006 shares of the basic materials company’s stock valued at $292,000 after purchasing an additional 313 shares during the last quarter. Saturna Capital Corp grew its stake in Sociedad Química y Minera de Chile by 0.8% in the 3rd quarter. Saturna Capital Corp now owns 49,407 shares of the basic materials company’s stock valued at $2,059,000 after acquiring an additional 407 shares during the last quarter. Signaturefd LLC increased its holdings in Sociedad Química y Minera de Chile by 21.3% during the 3rd quarter. Signaturefd LLC now owns 2,500 shares of the basic materials company’s stock valued at $104,000 after acquiring an additional 439 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Sociedad Química y Minera de Chile by 11.6% during the 2nd quarter. AQR Capital Management LLC now owns 5,249 shares of the basic materials company’s stock worth $214,000 after purchasing an additional 544 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Sociedad Química y Minera de Chile by 5.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,020 shares of the basic materials company’s stock valued at $449,000 after buying an additional 591 shares in the last quarter. Institutional investors and hedge funds own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Trading Up 0.3 %

NYSE:SQM opened at $39.19 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.94 and a quick ratio of 2.05. Sociedad Química y Minera de Chile S.A. has a 12 month low of $32.24 and a 12 month high of $51.90. The firm has a market capitalization of $11.19 billion, a PE ratio of -35.31, a price-to-earnings-growth ratio of 5.20 and a beta of 1.03. The business’s 50-day moving average is $38.50 and its two-hundred day moving average is $38.62.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SQM. Deutsche Bank Aktiengesellschaft cut their price target on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, November 21st. StockNews.com upgraded shares of Sociedad Química y Minera de Chile to a “sell” rating in a report on Thursday, November 21st. Scotiabank lowered their price target on shares of Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating for the company in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. downgraded Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $55.00 to $44.00 in a research report on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sociedad Química y Minera de Chile has an average rating of “Hold” and a consensus target price of $45.56.

Sociedad Química y Minera de Chile 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.