Outfitter Financial LLC Reduces Holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Outfitter Financial LLC lessened its position in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,800 shares of the basic materials company’s stock after selling 1,195 shares during the quarter. Outfitter Financial LLC’s holdings in Sociedad Química y Minera de Chile were worth $611,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Manning & Napier Advisors LLC purchased a new stake in Sociedad Química y Minera de Chile in the fourth quarter valued at $120,395,000. abrdn plc increased its position in shares of Sociedad Química y Minera de Chile by 2.7% during the 3rd quarter. abrdn plc now owns 1,204,942 shares of the basic materials company’s stock worth $49,668,000 after purchasing an additional 31,955 shares during the last quarter. Van ECK Associates Corp raised its holdings in Sociedad Química y Minera de Chile by 28.4% in the 4th quarter. Van ECK Associates Corp now owns 804,913 shares of the basic materials company’s stock valued at $29,267,000 after buying an additional 177,898 shares during the period. North of South Capital LLP lifted its position in Sociedad Química y Minera de Chile by 19.1% in the fourth quarter. North of South Capital LLP now owns 597,057 shares of the basic materials company’s stock valued at $21,709,000 after buying an additional 95,564 shares during the last quarter. Finally, State Street Corp boosted its stake in Sociedad Química y Minera de Chile by 8.9% during the third quarter. State Street Corp now owns 265,545 shares of the basic materials company’s stock worth $11,068,000 after buying an additional 21,778 shares during the period. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Stock Performance

Sociedad Química y Minera de Chile stock opened at $39.84 on Friday. 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 twelve month low of $32.24 and a twelve month high of $51.90. The stock’s fifty day simple moving average is $38.52 and its 200-day simple moving average is $38.57.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SQM shares. StockNews.com raised shares of Sociedad Química y Minera de Chile to a “sell” rating in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft cut their target price on 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, November 21st. Finally, Scotiabank lowered their price target on Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating for the company in a research report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Sociedad Química y Minera de Chile has a consensus rating of “Hold” and an average price target of $45.56.

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.