Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Shares Sold by Seldon Capital LP

Seldon Capital LP lowered its position in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 4.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,042 shares of the basic materials company’s stock after selling 1,547 shares during the period. Sociedad Química y Minera de Chile makes up approximately 0.8% of Seldon Capital LP’s portfolio, making the stock its 24th largest position. Seldon Capital LP’s holdings in Sociedad Química y Minera de Chile were worth $1,377,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp lifted its position in Sociedad Química y Minera de Chile by 41.6% in the second quarter. Van ECK Associates Corp now owns 899,646 shares of the basic materials company’s stock valued at $36,661,000 after buying an additional 264,324 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Sociedad Química y Minera de Chile during the 2nd quarter worth approximately $8,592,000. Prudential PLC increased its holdings in Sociedad Química y Minera de Chile by 18.9% in the 2nd quarter. Prudential PLC now owns 612,538 shares of the basic materials company’s stock valued at $24,961,000 after purchasing an additional 97,479 shares during the last quarter. Earnest Partners LLC raised its position in Sociedad Química y Minera de Chile by 9.3% in the first quarter. Earnest Partners LLC now owns 1,019,368 shares of the basic materials company’s stock valued at $50,112,000 after purchasing an additional 86,811 shares during the period. Finally, Unison Advisors LLC acquired a new position in Sociedad Química y Minera de Chile during the second quarter worth $2,547,000. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Trading Down 3.5 %

Shares of NYSE:SQM opened at $38.26 on Friday. Sociedad Química y Minera de Chile S.A. has a 52 week low of $32.24 and a 52 week high of $64.62. The company’s 50 day moving average is $39.61 and its two-hundred day moving average is $40.64. The company has a market cap of $10.93 billion, a PE ratio of -34.47 and a beta of 1.03. The company has a current ratio of 2.94, a quick ratio of 1.47 and a debt-to-equity ratio of 0.74.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SQM. JPMorgan Chase & Co. cut Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $55.00 to $44.00 in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft cut their price target on shares of 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. The Goldman Sachs Group raised shares of Sociedad Química y Minera de Chile from a “neutral” rating to a “buy” rating in a research note on Friday, August 9th. Jefferies Financial Group cut their target price on shares of Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a “buy” rating on the stock in a research note on Monday, August 26th. Finally, StockNews.com raised shares of Sociedad Química y Minera de Chile to a “sell” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Sociedad Química y Minera de Chile currently has a consensus rating of “Hold” and a consensus target price of $48.06.

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.