C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $1.24 Million 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 position in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 34,109 shares of the basic materials company’s stock, valued at approximately $1,240,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SQM. Creative Planning raised its position in shares of Sociedad Química y Minera de Chile by 63.8% during the 3rd quarter. Creative Planning now owns 18,516 shares of the basic materials company’s stock worth $772,000 after purchasing an additional 7,209 shares during the period. Blue Trust Inc. raised its position in shares of Sociedad Química y Minera de Chile by 216.6% during 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. Allspring Global Investments Holdings LLC raised 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 worth $36,984,000 after purchasing an additional 24,999 shares during the period. Signaturefd LLC raised its position in shares of Sociedad Química y Minera de Chile by 21.3% during 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, MFA Wealth Advisors LLC raised its position in shares of Sociedad Química y Minera de Chile by 4.7% during the 3rd quarter. MFA Wealth Advisors LLC now owns 7,006 shares of the basic materials company’s stock worth $292,000 after purchasing an additional 313 shares during the period. 12.41% of the stock is currently owned by institutional investors and hedge funds.

Sociedad Química y Minera de Chile Stock Up 0.0 %

Shares of NYSE SQM opened at $38.65 on Wednesday. The stock has a fifty day moving average price of $38.53 and a two-hundred day moving average price of $38.56. 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 S.A. has a 1 year low of $32.24 and a 1 year high of $51.90.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, November 21st. StockNews.com raised Sociedad Química y Minera de Chile to a “sell” rating in a report on Thursday, November 21st. Finally, Scotiabank decreased their price objective on Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating for the company 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 issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $45.56.

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.