WP Advisors LLC Boosts Stock Position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

WP Advisors LLC raised its stake in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,355 shares of the basic materials company’s stock after acquiring an additional 1,032 shares during the period. WP Advisors LLC’s holdings in Sociedad Química y Minera de Chile were worth $922,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new stake in Sociedad Química y Minera de Chile during the 4th quarter valued at approximately $39,000. R Squared Ltd purchased a new stake in Sociedad Química y Minera de Chile during the 4th quarter valued at approximately $58,000. Avior Wealth Management LLC raised its stake in Sociedad Química y Minera de Chile by 104.0% during the 4th quarter. Avior Wealth Management LLC now owns 2,128 shares of the basic materials company’s stock valued at $77,000 after acquiring an additional 1,085 shares during the last quarter. Signaturefd LLC raised its stake in Sociedad Química y Minera de Chile by 21.3% during the 3rd quarter. Signaturefd LLC now owns 2,500 shares of the basic materials company’s stock valued at $104,000 after acquiring an additional 439 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Sociedad Química y Minera de Chile by 216.6% during the 3rd quarter. Blue Trust Inc. now owns 2,891 shares of the basic materials company’s stock worth $118,000 after buying an additional 1,978 shares in the last quarter. 12.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SQM shares. Scotiabank cut their target price on Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating for the company in a research note on Monday, November 25th. StockNews.com raised Sociedad Química y Minera de Chile to a “sell” rating in a research note on Thursday, November 21st. Finally, 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 for the company in a research note on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Sociedad Química y Minera de Chile currently has a consensus rating of “Hold” and an average target price of $45.56.

Sociedad Química y Minera de Chile Stock Up 2.6 %

NYSE SQM opened at $39.84 on Friday. Sociedad Química y Minera de Chile S.A. has a 1-year low of $32.24 and a 1-year high of $51.90. The business has a 50 day moving average price of $38.52 and a 200 day moving average price of $38.57. The company has a quick ratio of 2.05, a current ratio of 2.94 and a debt-to-equity ratio of 0.74.

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.