Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its stake in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) by 37.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,909 shares of the basic materials company's stock after selling 30,693 shares during the period. Stifel Financial Corp's holdings in Sociedad Química y Minera de Chile were worth $2,122,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of SQM. Van ECK Associates Corp raised its holdings in shares of Sociedad Química y Minera de Chile by 41.6% during the second quarter. Van ECK Associates Corp now owns 899,646 shares of the basic materials company's stock worth $36,661,000 after purchasing an additional 264,324 shares during the period. Marshall Wace LLP acquired a new stake in Sociedad Química y Minera de Chile during the second quarter worth about $8,592,000. Concentric Capital Strategies LP acquired a new position in Sociedad Química y Minera de Chile in the third quarter valued at approximately $4,213,000. Prudential PLC raised its position in shares of Sociedad Química y Minera de Chile by 18.9% during the 2nd quarter. Prudential PLC now owns 612,538 shares of the basic materials company's stock worth $24,961,000 after purchasing an additional 97,479 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Sociedad Química y Minera de Chile by 908.3% in the 3rd quarter. KBC Group NV now owns 64,992 shares of the basic materials company's stock worth $2,709,000 after purchasing an additional 58,546 shares during the last quarter. 12.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SQM. StockNews.com upgraded Sociedad Química y Minera de Chile to a "sell" rating in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft reduced their target price 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. JPMorgan Chase & Co. lowered shares of Sociedad Química y Minera de Chile from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $55.00 to $44.00 in a research note on Friday, October 11th. Scotiabank cut 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 report on Monday, November 25th. Finally, Jefferies Financial Group decreased their price objective on Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a "buy" rating for the company in a report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued 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 an average price target of $45.56.

Sociedad Química y Minera de Chile Price Performance

SQM traded down $0.36 during trading on Friday, reaching $37.28. The stock had a trading volume of 1,284,782 shares, compared to its average volume of 1,176,532. The stock has a 50 day moving average of $38.94 and a two-hundred day moving average of $39.44. 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 firm has a market capitalization of $10.65 billion, a price-to-earnings ratio of -33.59 and a beta of 1.03. Sociedad Química y Minera de Chile S.A. has a 1-year low of $32.24 and a 1-year high of $64.62.

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.