Mirabella Financial Services LLP Purchases Shares of 26,774 Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Mirabella Financial Services LLP purchased a new stake in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) during the third quarter, Holdings Channel.com reports. The firm purchased 26,774 shares of the basic materials company’s stock, valued at approximately $1,116,000.

A number of other hedge funds have also bought and sold shares of SQM. O Shaughnessy Asset Management LLC increased its stake in Sociedad Química y Minera de Chile by 43.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,024 shares of the basic materials company’s stock valued at $247,000 after purchasing an additional 1,517 shares in the last quarter. WealthPlan Investment Management LLC increased its stake in Sociedad Química y Minera de Chile by 108.1% during the 1st quarter. WealthPlan Investment Management LLC now owns 8,909 shares of the basic materials company’s stock valued at $438,000 after purchasing an additional 4,627 shares in the last quarter. Bluefin Capital Management LLC acquired a new stake in shares of Sociedad Química y Minera de Chile in the first quarter worth $251,000. Confluence Investment Management LLC increased its stake in shares of Sociedad Química y Minera de Chile by 18.6% in the second quarter. Confluence Investment Management LLC now owns 6,277 shares of the basic materials company’s stock worth $256,000 after acquiring an additional 984 shares during the period. Finally, Richard P Slaughter Associates Inc increased its stake in shares of Sociedad Química y Minera de Chile by 9.5% in the second quarter. Richard P Slaughter Associates Inc now owns 30,092 shares of the basic materials company’s stock worth $1,226,000 after acquiring an additional 2,623 shares during the period. Institutional investors and hedge funds own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Stock Up 1.0 %

SQM opened at $38.63 on Monday. 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 52-week low of $32.24 and a 52-week high of $64.62. The firm’s fifty day simple moving average is $39.61 and its two-hundred day simple moving average is $40.59.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Berenberg Bank assumed coverage on shares of Sociedad Química y Minera de Chile in a research note on Wednesday, July 31st. They issued a “hold” rating and a $35.00 price objective on the stock. Bank of America cut 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. The Goldman Sachs Group upgraded shares of Sociedad Química y Minera de Chile from a “neutral” rating to a “buy” rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft dropped their price target 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 research report on Thursday. Finally, Jefferies Financial Group dropped their price target on shares of Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a “buy” rating on the stock in a research report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $48.06.

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.