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

MML Investors Services LLC bought a new position in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) during the third quarter, HoldingsChannel reports. The institutional investor bought 4,845 shares of the basic materials company’s stock, valued at approximately $202,000.

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

Sociedad Química y Minera de Chile Stock Performance

Shares of NYSE:SQM opened at $37.42 on Friday. The business’s 50 day moving average price is $38.69 and its 200-day moving average price is $39.13. Sociedad Química y Minera de Chile S.A. has a 1 year low of $32.24 and a 1 year high of $64.62. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.94 and a quick ratio of 2.05. The firm has a market capitalization of $10.69 billion, a PE ratio of -33.71 and a beta of 1.04.

Analyst Ratings Changes

A number of analysts have weighed in on SQM shares. StockNews.com upgraded Sociedad Química y Minera de Chile to a “sell” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. cut Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $55.00 to $44.00 in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft cut their target price 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. Finally, Scotiabank decreased their price target on shares of Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating for the company in a research report on Monday, November 25th. Two 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, the stock has an average rating of “Hold” and an average 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.