Stifel Financial Corp Has $2.12 Million Position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Stifel Financial Corp cut its holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 37.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,909 shares of the basic materials company’s stock after selling 30,693 shares during the period. Stifel Financial Corp’s holdings in Sociedad Química y Minera de Chile were worth $2,122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SQM. Concentric Capital Strategies LP acquired a new position in shares of Sociedad Química y Minera de Chile during the 3rd quarter valued at $4,213,000. Erste Asset Management GmbH acquired a new stake in Sociedad Química y Minera de Chile in the third quarter valued at approximately $834,000. White Knight Strategic Wealth Advisors LLC raised its position in shares of Sociedad Química y Minera de Chile by 23.3% during the third quarter. White Knight Strategic Wealth Advisors LLC now owns 18,365 shares of the basic materials company’s stock worth $765,000 after purchasing an additional 3,465 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Sociedad Química y Minera de Chile by 5.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 99,854 shares of the basic materials company’s stock valued at $4,162,000 after purchasing an additional 4,743 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Sociedad Química y Minera de Chile by 15.7% during the third quarter. BNP Paribas Financial Markets now owns 152,048 shares of the basic materials company’s stock worth $6,337,000 after buying an additional 20,616 shares during the last quarter. 12.41% of the stock is owned by institutional investors and hedge funds.

Sociedad Química y Minera de Chile Price Performance

Sociedad Química y Minera de Chile stock opened at $37.64 on Friday. The business has a fifty day moving average price of $38.94 and a 200-day moving average price of $39.44. The firm has a market capitalization of $10.75 billion, a P/E ratio of -33.91 and a beta of 1.03. 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 one year low of $32.24 and a one year high of $64.62.

Analysts Set New Price Targets

Several brokerages recently weighed in on SQM. StockNews.com raised shares of Sociedad Química y Minera de Chile to a “sell” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. downgraded Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $55.00 to $44.00 in a report on Friday, October 11th. Scotiabank dropped their price objective 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. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Finally, Jefferies Financial Group dropped their price target 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 report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Sociedad Química y Minera de Chile currently has an average rating of “Hold” and a consensus price target 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.