C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires New Holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 34,109 shares of the basic materials company's stock, valued at approximately $1,240,000.

Other large investors have also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC bought a new position in shares of Sociedad Química y Minera de Chile in the 4th quarter valued at about $120,395,000. Van ECK Associates Corp raised its stake in shares of Sociedad Química y Minera de Chile by 28.4% during the 4th quarter. Van ECK Associates Corp now owns 804,913 shares of the basic materials company's stock worth $29,267,000 after purchasing an additional 177,898 shares in the last quarter. Concentric Capital Strategies LP acquired a new stake in shares of Sociedad Química y Minera de Chile in the 3rd quarter valued at approximately $4,213,000. KBC Group NV grew its stake in shares of Sociedad Química y Minera de Chile by 908.3% in the third quarter. KBC Group NV now owns 64,992 shares of the basic materials company's stock valued at $2,709,000 after buying an additional 58,546 shares in the last quarter. Finally, abrdn plc increased its holdings in Sociedad Química y Minera de Chile by 2.7% during the third quarter. abrdn plc now owns 1,204,942 shares of the basic materials company's stock worth $49,668,000 after buying an additional 31,955 shares during the last quarter. Institutional investors own 12.41% of the company's stock.

Sociedad Química y Minera de Chile Stock Performance

Shares of NYSE:SQM traded down $1.53 during trading on Monday, reaching $38.64. 1,146,872 shares of the stock were exchanged, compared to its average volume of 966,253. The firm has a market cap of $11.04 billion, a PE ratio of -34.81, a PEG ratio of 5.18 and a beta of 1.04. The company has a current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74. 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 stock has a 50-day moving average price of $38.56 and a 200-day moving average price of $38.54.

Analyst Ratings Changes

A number of brokerages have commented on SQM. 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 for the company in a research note on Thursday, November 21st. StockNews.com upgraded shares of Sociedad Química y Minera de Chile to a "sell" rating in a research note on Thursday, November 21st. Finally, Scotiabank lowered their price target 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 research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $45.56.

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.