Tidal Investments LLC Decreases Stock Holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Tidal Investments LLC trimmed its holdings in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 6.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,670 shares of the basic materials company’s stock after selling 3,488 shares during the quarter. Tidal Investments LLC’s holdings in Sociedad Química y Minera de Chile were worth $1,987,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SQM. BNP Paribas Financial Markets raised its position 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 valued at $6,337,000 after purchasing an additional 20,616 shares during the period. Sei Investments Co. raised its holdings in Sociedad Química y Minera de Chile by 4.9% during the 2nd quarter. Sei Investments Co. now owns 418,395 shares of the basic materials company’s stock valued at $17,050,000 after buying an additional 19,649 shares during the period. Mirabella Financial Services LLP bought a new stake in Sociedad Química y Minera de Chile in the third quarter worth $1,116,000. Dimensional Fund Advisors LP boosted its stake in Sociedad Química y Minera de Chile by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 488,456 shares of the basic materials company’s stock worth $19,921,000 after buying an additional 13,756 shares during the period. Finally, Virtu Financial LLC bought a new position in Sociedad Química y Minera de Chile during the second quarter valued at $989,000. Institutional investors own 12.41% of the company’s stock.

Analysts Set New Price Targets

SQM has been the subject of several analyst reports. JPMorgan Chase & Co. lowered shares of Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $55.00 to $44.00 in a report on Friday, October 11th. Jefferies Financial Group cut their target price 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. Scotiabank dropped their price objective on Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating for the company in a report on Monday, November 25th. StockNews.com upgraded Sociedad Química y Minera de Chile to a “sell” rating in a research note on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $45.56.

Sociedad Química y Minera de Chile Stock Down 0.8 %

NYSE:SQM opened at $37.48 on Tuesday. 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 1-year low of $32.24 and a 1-year high of $64.62. The company has a 50-day moving average of $39.27 and a 200 day moving average of $39.53. The firm has a market cap of $10.71 billion, a PE ratio of -33.77 and a beta of 1.03.

Sociedad Química y Minera de Chile Company 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.