Moneda S.A. Administradora General de Fondos Boosts Stock Holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Moneda S.A. Administradora General de Fondos grew its stake in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) by 493.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 119,691 shares of the basic materials company's stock after acquiring an additional 99,532 shares during the period. Sociedad Química y Minera de Chile accounts for approximately 4.5% of Moneda S.A. Administradora General de Fondos' portfolio, making the stock its 7th largest holding. Moneda S.A. Administradora General de Fondos' holdings in Sociedad Química y Minera de Chile were worth $4,352,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Manning & Napier Advisors LLC purchased a new position in Sociedad Química y Minera de Chile during the fourth quarter worth about $120,395,000. Van ECK Associates Corp boosted its position in Sociedad Química y Minera de Chile by 28.4% during the fourth quarter. Van ECK Associates Corp now owns 804,913 shares of the basic materials company's stock valued at $29,267,000 after buying an additional 177,898 shares during the period. North of South Capital LLP boosted its position in Sociedad Química y Minera de Chile by 19.1% during the fourth quarter. North of South Capital LLP now owns 597,057 shares of the basic materials company's stock valued at $21,709,000 after buying an additional 95,564 shares during the period. State Street Corp boosted its holdings in shares of Sociedad Química y Minera de Chile by 8.9% during the third quarter. State Street Corp now owns 265,545 shares of the basic materials company's stock worth $11,068,000 after purchasing an additional 21,778 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of 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 worth $6,337,000 after purchasing an additional 20,616 shares during the period. 12.41% of the stock is owned by institutional investors.

Sociedad Química y Minera de Chile Price Performance

NYSE SQM traded up $0.95 on Tuesday, reaching $38.26. The company had a trading volume of 1,559,313 shares, compared to its average volume of 1,033,117. The company has a quick ratio of 2.05, a current ratio of 2.94 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $10.93 billion, a PE ratio of -34.46, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The firm's 50 day moving average price is $38.75 and its 200 day moving average price is $38.80. Sociedad Química y Minera de Chile S.A. has a 12 month low of $32.24 and a 12 month high of $51.90.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SQM shares. Scotiabank decreased their price target on shares of 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. Deutsche Bank Aktiengesellschaft reduced 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 report on Thursday, November 21st. Finally, StockNews.com upgraded shares of Sociedad Química y Minera de Chile to a "sell" rating in a research note on Thursday, November 21st. 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 company. According to 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 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.