The Sociedad Quimica y Minera S.A. (SQM) Shares Bought by SG Americas Securities LLC

The Sociedad Quimica y Minera S.A. (SQM) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) by 46.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,212 shares of the company’s stock after buying an additional 6,100 shares during the period. SG Americas Securities LLC’s holdings in Sociedad Quimica y Minera were worth $517,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in SQM. FMR LLC boosted its stake in shares of Sociedad Quimica y Minera by 325.9% in the second quarter. FMR LLC now owns 4,567,452 shares of the company’s stock valued at $112,907,000 after buying an additional 3,495,050 shares during the period. Axiom International Investors LLC DE boosted its stake in shares of Sociedad Quimica y Minera by 100.9% in the second quarter. Axiom International Investors LLC DE now owns 1,583,602 shares of the company’s stock valued at $39,147,000 after buying an additional 795,292 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Sociedad Quimica y Minera during the second quarter valued at about $14,718,000. Marketfield Asset Management LLC acquired a new stake in shares of Sociedad Quimica y Minera during the second quarter valued at about $14,596,000. Finally, Bank of Montreal Can acquired a new stake in shares of Sociedad Quimica y Minera during the second quarter valued at about $13,483,000. 18.84% of the stock is currently owned by institutional investors.

Shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) traded up 3.08% during mid-day trading on Wednesday, reaching $31.77. 1,267,720 shares of the company traded hands. Sociedad Quimica y Minera S.A. has a 52-week low of $14.51 and a 52-week high of $32.32. The stock has a market capitalization of $8.36 billion, a price-to-earnings ratio of 33.55 and a beta of 1.12. The company’s 50 day moving average is $29.33 and its 200 day moving average is $27.18.

Several equities research analysts have issued reports on SQM shares. HSBC raised shares of Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Wednesday, October 19th. Deutsche Bank AG assumed coverage on shares of Sociedad Quimica y Minera in a research report on Tuesday, November 15th. They set a “buy” rating and a $33.00 price target on the stock. Zacks Investment Research cut shares of Sociedad Quimica y Minera from a “hold” rating to a “strong sell” rating in a research report on Friday, September 30th. BMO Capital Markets reissued a “hold” rating and set a $30.00 price target on shares of Sociedad Quimica y Minera in a research report on Monday, November 28th. Finally, Scotiabank cut shares of Sociedad Quimica y Minera from an “outperform” rating to a “sector perform” rating in a research report on Monday, November 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $31.60.

Sociedad Quimica y Minera Company Profile

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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