MML Investors Services LLC Buys Shares of 4,845 Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

MML Investors Services LLC purchased a new position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,845 shares of the basic materials company’s stock, valued at approximately $202,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its position in shares of Sociedad Química y Minera de Chile by 9.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,482 shares of the basic materials company’s stock valued at $223,000 after buying an additional 464 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Sociedad Química y Minera de Chile by 36.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 29,314 shares of the basic materials company’s stock worth $1,195,000 after purchasing an additional 7,803 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Sociedad Química y Minera de Chile by 0.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 95,111 shares of the basic materials company’s stock worth $3,876,000 after buying an additional 275 shares during the period. Signaturefd LLC lifted its position in Sociedad Química y Minera de Chile by 204.9% in the second quarter. Signaturefd LLC now owns 2,061 shares of the basic materials company’s stock valued at $84,000 after purchasing an additional 1,385 shares during the last quarter. Finally, Outfitter Financial LLC raised its holdings in Sociedad Química y Minera de Chile by 2.8% during the 2nd quarter. Outfitter Financial LLC now owns 18,255 shares of the basic materials company’s stock valued at $744,000 after buying an additional 505 shares during the last quarter. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Stock Down 0.1 %

Shares of SQM opened at $37.42 on Friday. The business’s 50 day moving average is $38.69 and its 200 day moving average is $39.13. The company has a current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74. Sociedad Química y Minera de Chile S.A. has a 12-month low of $32.24 and a 12-month high of $64.62. The company has a market capitalization of $10.69 billion, a PE ratio of -33.71 and a beta of 1.04.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Scotiabank cut their target price 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. JPMorgan Chase & Co. lowered Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $55.00 to $44.00 in a research report on Friday, October 11th. StockNews.com raised shares of Sociedad Química y Minera de Chile to a “sell” rating in a research report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft lowered their price target 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 report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, Sociedad Química y Minera de Chile has an average rating of “Hold” and an average price target 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.