Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) by 19.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,599 shares of the basic materials company's stock after selling 12,175 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Sociedad Química y Minera de Chile were worth $1,876,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Peregrine Investment Management Inc. purchased a new position in shares of Sociedad Química y Minera de Chile during the 4th quarter worth about $5,505,000. Rhumbline Advisers raised its stake in Sociedad Química y Minera de Chile by 22.3% during the fourth quarter. Rhumbline Advisers now owns 10,278 shares of the basic materials company's stock worth $374,000 after purchasing an additional 1,875 shares during the period. Blue Trust Inc. boosted its holdings in shares of Sociedad Química y Minera de Chile by 33.8% in the 4th quarter. Blue Trust Inc. now owns 3,869 shares of the basic materials company's stock valued at $141,000 after purchasing an additional 978 shares during the last quarter. Vontobel Holding Ltd. grew its stake in shares of Sociedad Química y Minera de Chile by 1.1% during the 4th quarter. Vontobel Holding Ltd. now owns 40,589 shares of the basic materials company's stock valued at $1,476,000 after buying an additional 452 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Sociedad Química y Minera de Chile in the 4th quarter worth $1,240,000. 12.41% of the stock is currently owned by hedge funds and other institutional investors.

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Sociedad Química y Minera de Chile Stock Down 4.1 %

Shares of NYSE SQM traded down $1.64 during trading on Friday, reaching $38.36. 1,417,165 shares of the stock were exchanged, compared to its average volume of 1,046,687. The business's 50-day moving average price is $38.73 and its 200 day moving average price is $38.73. The company has a market capitalization of $10.96 billion, a price-to-earnings ratio of -34.56, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. Sociedad Química y Minera de Chile S.A. has a twelve month low of $32.24 and a twelve month high of $51.90. The company has a quick ratio of 2.05, a current ratio of 2.94 and a debt-to-equity ratio of 0.74.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SQM shares. Scotiabank lowered their price target 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 report on Monday, November 25th. StockNews.com raised shares of Sociedad Química y Minera de Chile to a "sell" rating in a research report on Thursday, November 21st. Finally, 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 on the stock in a report on Thursday, November 21st. Two investment 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's stock. Based on data from MarketBeat, the stock presently has an average 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.