Mirabella Financial Services LLP Takes $1.12 Million Position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Mirabella Financial Services LLP bought a new stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 26,774 shares of the basic materials company's stock, valued at approximately $1,116,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SQM. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Sociedad Química y Minera de Chile by 0.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 95,111 shares of the basic materials company's stock valued at $3,876,000 after buying an additional 275 shares during the last quarter. MFA Wealth Advisors LLC lifted its stake in Sociedad Química y Minera de Chile by 4.7% during the third quarter. MFA Wealth Advisors LLC now owns 7,006 shares of the basic materials company's stock worth $292,000 after purchasing an additional 313 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Sociedad Química y Minera de Chile by 3.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,037 shares of the basic materials company's stock valued at $531,000 after purchasing an additional 401 shares during the last quarter. Saturna Capital Corp lifted its position in shares of Sociedad Química y Minera de Chile by 0.8% during the 3rd quarter. Saturna Capital Corp now owns 49,407 shares of the basic materials company's stock worth $2,059,000 after buying an additional 407 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Sociedad Química y Minera de Chile by 21.3% in the 3rd quarter. Signaturefd LLC now owns 2,500 shares of the basic materials company's stock valued at $104,000 after buying an additional 439 shares in the last quarter. 12.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SQM shares. Bank of America reduced their price target on shares of Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an "underperform" rating for the company in a research report on Wednesday, August 21st. The Goldman Sachs Group upgraded shares of Sociedad Química y Minera de Chile from a "neutral" rating to a "buy" rating in a research report on Friday, August 9th. Jefferies Financial Group lowered their price objective on shares of Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a "buy" rating on the stock in a research report on Monday, August 26th. JPMorgan Chase & Co. downgraded shares of Sociedad Química y Minera de Chile from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $55.00 to $44.00 in a research note on Friday, October 11th. Finally, StockNews.com upgraded Sociedad Química y Minera de Chile to a "sell" rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Sociedad Química y Minera de Chile currently has a consensus rating of "Hold" and a consensus target price of $45.56.

Sociedad Química y Minera de Chile Price Performance

Shares of NYSE:SQM traded up $0.59 on Monday, reaching $38.85. 1,303,274 shares of the company were exchanged, compared to its average volume of 1,175,953. 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 1-year low of $32.24 and a 1-year high of $64.62. The company has a 50-day moving average of $39.63 and a 200-day moving average of $40.52. The firm has a market cap of $11.10 billion, a price-to-earnings ratio of -35.00 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.