North of South Capital LLP Buys 95,564 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

North of South Capital LLP increased its stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 19.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 597,057 shares of the basic materials company’s stock after purchasing an additional 95,564 shares during the quarter. Sociedad Química y Minera de Chile makes up approximately 2.6% of North of South Capital LLP’s portfolio, making the stock its 13th biggest holding. North of South Capital LLP’s holdings in Sociedad Química y Minera de Chile were worth $21,709,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Kestra Investment Management LLC bought a new stake in shares of Sociedad Química y Minera de Chile in the 4th quarter worth approximately $39,000. R Squared Ltd bought a new stake in shares of Sociedad Química y Minera de Chile in the 4th quarter worth approximately $58,000. Avior Wealth Management LLC raised its holdings in shares of Sociedad Química y Minera de Chile by 104.0% in the 4th quarter. Avior Wealth Management LLC now owns 2,128 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 1,085 shares during the period. Signaturefd LLC raised its holdings in shares of Sociedad Química y Minera de Chile by 21.3% in the 3rd quarter. Signaturefd LLC now owns 2,500 shares of the basic materials company’s stock worth $104,000 after purchasing an additional 439 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of Sociedad Química y Minera de Chile by 216.6% in the 3rd quarter. Blue Trust Inc. now owns 2,891 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 1,978 shares during the period. Institutional investors own 12.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. StockNews.com raised shares of Sociedad Química y Minera de Chile to a “sell” rating in a report on Thursday, November 21st. 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 report on Thursday, November 21st. Finally, Scotiabank lowered 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 report on Monday, November 25th. Two investment 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $45.56.

Sociedad Química y Minera de Chile Trading Up 2.6 %

Sociedad Química y Minera de Chile stock opened at $39.84 on Friday. Sociedad Química y Minera de Chile S.A. has a fifty-two week low of $32.24 and a fifty-two week high of $51.90. The firm’s fifty day moving average price is $38.52 and its 200-day moving average price is $38.57. The company has a quick ratio of 2.05, a current ratio of 2.94 and a debt-to-equity ratio of 0.74.

Sociedad Química y Minera de Chile 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.