Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 865,200 shares of the basic materials company's stock after selling 22,142 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.30% of Sociedad Química y Minera de Chile worth $31,190,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Manning & Napier Advisors LLC acquired a new position in Sociedad Química y Minera de Chile in the fourth quarter valued at $120,395,000. R Squared Ltd acquired a new position in Sociedad Química y Minera de Chile in the fourth quarter valued at $58,000. KBC Group NV boosted its holdings in Sociedad Química y Minera de Chile by 76.9% in the fourth quarter. KBC Group NV now owns 114,992 shares of the basic materials company's stock valued at $4,181,000 after acquiring an additional 50,000 shares during the last quarter. Blue Trust Inc. boosted its holdings in Sociedad Química y Minera de Chile by 23.3% in the fourth quarter. Blue Trust Inc. now owns 3,566 shares of the basic materials company's stock valued at $130,000 after acquiring an additional 675 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in Sociedad Química y Minera de Chile by 104.0% in the fourth 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. Institutional investors and hedge funds own 12.41% of the company's stock.

Sociedad Química y Minera de Chile Stock Down 0.7 %

Sociedad Química y Minera de Chile stock traded down $0.26 during midday trading on Tuesday, hitting $38.37. The stock had a trading volume of 528,336 shares, compared to its average volume of 1,010,464. The company has a current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74. The stock has a market cap of $10.96 billion, a P/E ratio of -34.62, a P/E/G ratio of 5.18 and a beta of 1.04. Sociedad Química y Minera de Chile S.A. has a 12 month low of $32.24 and a 12 month high of $51.90. The business has a fifty day moving average price of $38.56 and a 200 day moving average price of $38.54.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SQM shares. Deutsche Bank Aktiengesellschaft reduced 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 report on Thursday, November 21st. StockNews.com raised Sociedad Química y Minera de Chile to a "sell" rating in a research report on Thursday, November 21st. Finally, Scotiabank cut their price objective on Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a "sector outperform" rating on the stock in a research report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $45.56.

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.