Sociedad Quimica y Minera S.A. (SQM) Holdings Reduced by Bluestein R H & Co.

Bluestein R H & Co. trimmed its holdings in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) by 28.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,000 shares of the basic materials company’s stock after selling 4,000 shares during the period. Bluestein R H & Co.’s holdings in Sociedad Quimica y Minera were worth $557,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Jennison Associates LLC boosted its stake in Sociedad Quimica y Minera by 0.8% during the 2nd quarter. Jennison Associates LLC now owns 37,080 shares of the basic materials company’s stock valued at $1,224,000 after purchasing an additional 278 shares during the last quarter. Van ECK Associates Corp boosted its stake in Sociedad Quimica y Minera by 0.3% during the 2nd quarter. Van ECK Associates Corp now owns 138,379 shares of the basic materials company’s stock valued at $4,569,000 after purchasing an additional 386 shares during the last quarter. Laurel Wealth Advisors Inc. boosted its stake in Sociedad Quimica y Minera by 6.6% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 6,824 shares of the basic materials company’s stock valued at $225,000 after purchasing an additional 423 shares during the last quarter. CIBC World Markets Inc. boosted its stake in Sociedad Quimica y Minera by 6.0% during the 2nd quarter. CIBC World Markets Inc. now owns 15,582 shares of the basic materials company’s stock valued at $515,000 after purchasing an additional 878 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Sociedad Quimica y Minera by 10.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 11,311 shares of the basic materials company’s stock valued at $374,000 after purchasing an additional 1,063 shares during the last quarter. Institutional investors and hedge funds own 12.74% of the company’s stock.

Several brokerages have commented on SQM. Zacks Investment Research upgraded Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Wednesday, August 23rd. Santander upgraded Sociedad Quimica y Minera from an “underperform” rating to a “hold” rating in a research note on Wednesday, September 13th. downgraded Sociedad Quimica y Minera from a “buy” rating to a “reduce” rating in a research note on Wednesday, October 11th. BMO Capital Markets raised their price target on Sociedad Quimica y Minera to $60.00 and gave the stock an “average” rating in a research note on Wednesday, October 25th. They noted that the move was a valuation call. Finally, ValuEngine downgraded Sociedad Quimica y Minera from a “buy” rating to a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Sociedad Quimica y Minera presently has a consensus rating of “Buy” and a consensus target price of $50.22.

Sociedad Quimica y Minera S.A. (NYSE:SQM) traded down $1.84 during mid-day trading on Tuesday, hitting $52.57. The stock had a trading volume of 1,173,100 shares, compared to its average volume of 974,403. The stock has a market cap of $14,120.00, a P/E ratio of 36.03, a P/E/G ratio of 1.01 and a beta of 1.01. Sociedad Quimica y Minera S.A. has a 52-week low of $26.68 and a 52-week high of $63.80. The company has a current ratio of 3.79, a quick ratio of 2.31 and a debt-to-equity ratio of 0.45.

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About Sociedad Quimica y Minera

Sociedad Quimica y Minera de Chile SA (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services.

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Institutional Ownership by Quarter for Sociedad Quimica y Minera (NYSE:SQM)

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