Y Intercept Hong Kong Ltd Makes New $560,000 Investment in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Y Intercept Hong Kong Ltd bought a new stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,447 shares of the basic materials company’s stock, valued at approximately $560,000.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in Sociedad Química y Minera de Chile by 396.2% in the second quarter. Blue Trust Inc. now owns 913 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 729 shares during the last quarter. Signaturefd LLC grew its stake in shares of Sociedad Química y Minera de Chile by 204.9% during the second quarter. Signaturefd LLC now owns 2,061 shares of the basic materials company’s stock worth $84,000 after purchasing an additional 1,385 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Sociedad Química y Minera de Chile by 47.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,133 shares of the basic materials company’s stock worth $87,000 after purchasing an additional 683 shares during the period. MML Investors Services LLC bought a new stake in Sociedad Química y Minera de Chile in the third quarter valued at about $202,000. Finally, DekaBank Deutsche Girozentrale lifted its stake in Sociedad Química y Minera de Chile by 216.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,968 shares of the basic materials company’s stock valued at $207,000 after buying an additional 3,398 shares during the period. Institutional investors and hedge funds own 12.41% of the company’s stock.

Wall Street Analyst Weigh In

SQM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $55.00 to $44.00 in a research note on Friday, October 11th. Bank of America cut their target price on shares of Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an “underperform” rating on the stock in a report on Wednesday, August 21st. StockNews.com raised shares of Sociedad Química y Minera de Chile to a “sell” rating in a report on Thursday, November 21st. Jefferies Financial Group dropped their price objective on Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a “buy” rating on the stock in a research note on Monday, August 26th. Finally, 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Sociedad Química y Minera de Chile presently has an average rating of “Hold” and a consensus target price of $45.56.

Sociedad Química y Minera de Chile Stock Performance

SQM opened at $37.77 on Friday. The company has a market capitalization of $10.79 billion, a price-to-earnings ratio of -34.03 and a beta of 1.03. The business’s 50-day moving average price is $39.38 and its two-hundred day moving average price is $39.65. 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.

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.