Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Shares Purchased by White Knight Strategic Wealth Advisors LLC

White Knight Strategic Wealth Advisors LLC increased its position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 23.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,365 shares of the basic materials company’s stock after buying an additional 3,465 shares during the period. White Knight Strategic Wealth Advisors LLC’s holdings in Sociedad Química y Minera de Chile were worth $765,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Sociedad Química y Minera de Chile by 5.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 99,854 shares of the basic materials company’s stock worth $4,162,000 after purchasing an additional 4,743 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Sociedad Química y Minera de Chile by 15.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 152,048 shares of the basic materials company’s stock worth $6,337,000 after purchasing an additional 20,616 shares during the last quarter. FMR LLC grew its position in shares of Sociedad Química y Minera de Chile by 1,076.3% during the third quarter. FMR LLC now owns 18,726 shares of the basic materials company’s stock worth $781,000 after buying an additional 17,134 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Sociedad Química y Minera de Chile by 19.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,148 shares of the basic materials company’s stock worth $548,000 after purchasing an additional 2,128 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of Sociedad Química y Minera de Chile by 19.7% during the 3rd quarter. Bank of Montreal Can now owns 109,286 shares of the basic materials company’s stock valued at $4,555,000 after acquiring an additional 18,001 shares in the last quarter. Institutional investors and hedge funds own 12.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SQM shares. Bank of America dropped their price objective on shares of Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an “underperform” rating on the stock in a research note on Wednesday, August 21st. JPMorgan Chase & Co. downgraded Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $55.00 to $44.00 in a research report on Friday, October 11th. The Goldman Sachs Group upgraded shares of Sociedad Química y Minera de Chile from a “neutral” rating to a “buy” rating in a report on Friday, August 9th. Jefferies Financial Group decreased their price target on Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a “buy” rating for the company in a research note on Monday, August 26th. Finally, Scotiabank dropped 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 equities research analysts have rated the stock with a sell rating, three have assigned 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 a consensus rating of “Hold” and a consensus target price of $45.56.

Sociedad Química y Minera de Chile Trading Down 0.3 %

Sociedad Química y Minera de Chile stock opened at $38.46 on Friday. Sociedad Química y Minera de Chile S.A. has a one year low of $32.24 and a one year high of $64.62. The company’s fifty day moving average price is $39.64 and its two-hundred day moving average price is $40.44. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.94 and a quick ratio of 2.05. The company has a market capitalization of $10.99 billion, a price-to-earnings ratio of -34.65 and a beta of 1.03.

About Sociedad Química y Minera de Chile

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.