Kestra Investment Management LLC Buys Shares of 1,070 Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Kestra Investment Management LLC bought a new stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,070 shares of the basic materials company’s stock, valued at approximately $39,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Saturna Capital Corp boosted its holdings in Sociedad Química y Minera de Chile by 0.8% in the third quarter. Saturna Capital Corp now owns 49,407 shares of the basic materials company’s stock worth $2,059,000 after acquiring an additional 407 shares in the last quarter. Signaturefd LLC boosted its holdings in Sociedad Química y Minera de Chile by 21.3% in the third quarter. Signaturefd LLC now owns 2,500 shares of the basic materials company’s stock worth $104,000 after acquiring an additional 439 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in Sociedad Química y Minera de Chile by 1.1% in the fourth quarter. Vontobel Holding Ltd. now owns 40,589 shares of the basic materials company’s stock worth $1,476,000 after acquiring an additional 452 shares in the last quarter. Blue Trust Inc. boosted its holdings in Sociedad Química y Minera de Chile by 23.3% in the fourth quarter. Blue Trust Inc. now owns 3,566 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 675 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in Sociedad Química y Minera de Chile by 104.0% in the fourth quarter. Avior Wealth Management LLC now owns 2,128 shares of the basic materials company’s stock worth $77,000 after acquiring an additional 1,085 shares in the last quarter. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Analyst Upgrades and Downgrades

SQM has been the subject of several recent analyst reports. StockNews.com raised Sociedad Química y Minera de Chile to a “sell” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lowered 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. Finally, Scotiabank decreased their target price on 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Sociedad Química y Minera de Chile currently has an average rating of “Hold” and an average price target of $45.56.

Sociedad Química y Minera de Chile Trading Down 0.3 %

Sociedad Química y Minera de Chile stock opened at $39.69 on Friday. The company has a quick ratio of 2.05, a current ratio of 2.94 and a debt-to-equity ratio of 0.74. 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 market capitalization of $11.34 billion, a price-to-earnings ratio of -35.76, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The stock has a 50-day moving average price of $38.56 and a 200 day moving average price of $38.64.

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.