Anfield Capital Management LLC Cuts Stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Anfield Capital Management LLC trimmed its stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 55.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,845 shares of the basic materials company’s stock after selling 2,278 shares during the quarter. Anfield Capital Management LLC’s holdings in Sociedad Química y Minera de Chile were worth $67,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SQM. Bank of New York Mellon Corp acquired a new position in shares of Sociedad Química y Minera de Chile in the 4th quarter valued at $393,000. Sigma Planning Corp boosted its holdings in Sociedad Química y Minera de Chile by 4.7% in the fourth quarter. Sigma Planning Corp now owns 13,011 shares of the basic materials company’s stock valued at $473,000 after acquiring an additional 581 shares during the last quarter. WP Advisors LLC grew its position in Sociedad Química y Minera de Chile by 4.2% during the fourth quarter. WP Advisors LLC now owns 25,355 shares of the basic materials company’s stock valued at $922,000 after acquiring an additional 1,032 shares during the period. North of South Capital LLP increased its stake 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 worth $21,709,000 after acquiring an additional 95,564 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Sociedad Química y Minera de Chile during the fourth quarter worth about $1,240,000. 12.41% of the stock is currently owned by hedge funds and other institutional investors.

Sociedad Química y Minera de Chile Stock Performance

Shares of SQM opened at $38.36 on Friday. The firm has a market cap of $10.96 billion, a price-to-earnings ratio of -34.56, a PEG ratio of 5.00 and a beta of 1.04. 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’s 50 day moving average is $38.75 and its two-hundred day moving average is $38.76. Sociedad Química y Minera de Chile S.A. has a 52-week low of $32.24 and a 52-week high of $51.90.

Analyst Ratings Changes

SQM has been the topic of several research reports. Scotiabank cut their price target 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 report on Monday, November 25th. Deutsche Bank Aktiengesellschaft dropped their price objective 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 report on Thursday, November 21st. 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. Based on data from MarketBeat, the company presently has a consensus 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.