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

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 34,109 shares of the basic materials company’s stock, valued at approximately $1,240,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC grew its position in shares of Sociedad Química y Minera de Chile by 11.6% during the 2nd quarter. AQR Capital Management LLC now owns 5,249 shares of the basic materials company’s stock valued at $214,000 after acquiring an additional 544 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Sociedad Química y Minera de Chile by 5.7% during the second quarter. The Manufacturers Life Insurance Company now owns 11,020 shares of the basic materials company’s stock valued at $449,000 after purchasing an additional 591 shares during the period. Creative Planning increased its position in Sociedad Química y Minera de Chile by 63.8% in the third quarter. Creative Planning now owns 18,516 shares of the basic materials company’s stock worth $772,000 after buying an additional 7,209 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Sociedad Química y Minera de Chile by 216.6% in the third quarter. Blue Trust Inc. now owns 2,891 shares of the basic materials company’s stock worth $118,000 after buying an additional 1,978 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Sociedad Química y Minera de Chile by 2.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 887,342 shares of the basic materials company’s stock valued at $36,984,000 after buying an additional 24,999 shares in the last quarter. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Trading Up 7.2 %

Shares of Sociedad Química y Minera de Chile stock opened at $40.18 on Friday. 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. The business has a 50-day moving average price of $38.58 and a 200-day moving average price of $38.51. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of -36.20, a PEG ratio of 5.18 and a beta of 1.04.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SQM. Scotiabank decreased their target price on shares of Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating on the stock in a research note on Monday, November 25th. StockNews.com upgraded shares of Sociedad Química y Minera de Chile to a “sell” rating in a research report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price 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 research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.