C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 34,109 shares of the basic materials company's stock, valued at approximately $1,240,000.
Several other institutional investors and hedge funds also recently modified their holdings of the stock. Kestra Investment Management LLC purchased a new stake in shares of Sociedad Química y Minera de Chile in the fourth quarter worth about $39,000. Atria Wealth Solutions Inc. boosted its position in shares of Sociedad Química y Minera de Chile by 55.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 19,275 shares of the basic materials company's stock worth $701,000 after buying an additional 6,846 shares during the period. Peregrine Investment Management Inc. purchased a new stake in shares of Sociedad Química y Minera de Chile in the fourth quarter worth about $5,505,000. Rhumbline Advisers boosted its position in shares of Sociedad Química y Minera de Chile by 22.3% in the fourth quarter. Rhumbline Advisers now owns 10,278 shares of the basic materials company's stock worth $374,000 after buying an additional 1,875 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Sociedad Química y Minera de Chile by 33.8% in the fourth quarter. Blue Trust Inc. now owns 3,869 shares of the basic materials company's stock worth $141,000 after acquiring an additional 978 shares in the last quarter. Hedge funds and other institutional investors own 12.41% of the company's stock.
Several research analysts recently commented on SQM shares. Scotiabank cut 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. StockNews.com upgraded Sociedad Química y Minera de Chile to a "sell" rating in a research note on Thursday, November 21st. Finally, 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 on the stock in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Sociedad Química y Minera de Chile has a consensus rating of "Hold" and an average target price of $45.56.
Read Our Latest Report on Sociedad Química y Minera de Chile
Shares of NYSE SQM opened at $38.65 on Wednesday. The stock's 50 day moving average price is $38.53 and its two-hundred day moving average price is $38.56. Sociedad Química y Minera de Chile S.A. has a 52-week low of $32.24 and a 52-week high of $51.90. 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 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.
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