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

Seldon Capital LP lowered its stake in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 4.5% during the third quarter, Holdings Channel reports. The firm 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 investment 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC boosted its position in shares of Sociedad Química y Minera de Chile by 242.5% in the 2nd quarter. SG Americas Securities LLC now owns 37,977 shares of the basic materials company’s stock valued at $1,548,000 after purchasing an additional 26,889 shares during the period. Unison Advisors LLC acquired a new stake in shares of Sociedad Química y Minera de Chile in the second quarter valued at approximately $2,547,000. Sei Investments Co. grew its position in shares of Sociedad Química y Minera de Chile by 4.9% during the second quarter. Sei Investments Co. now owns 418,395 shares of the basic materials company’s stock worth $17,050,000 after acquiring an additional 19,649 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Sociedad Química y Minera de Chile by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 488,456 shares of the basic materials company’s stock valued at $19,921,000 after acquiring an additional 13,756 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Sociedad Química y Minera de Chile in the 2nd quarter valued at $989,000. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Trading Down 3.5 %

NYSE:SQM opened at $38.26 on Friday. 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 quick ratio of 1.47 and a current ratio of 2.94. The stock has a fifty day moving average price of $39.61 and a two-hundred day moving average price of $40.64. The stock has a market capitalization of $10.93 billion, a price-to-earnings ratio of -34.47 and a beta of 1.03.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. StockNews.com upgraded shares of Sociedad Química y Minera de Chile to a “sell” rating in a research note on Thursday. JPMorgan Chase & Co. cut Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $55.00 to $44.00 in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft lowered 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. The Goldman Sachs Group upgraded Sociedad Química y Minera de Chile from a “neutral” rating to a “buy” rating in a research note on Friday, August 9th. Finally, Jefferies Financial Group lowered their price objective 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 investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.