Sociedad Quimica y Minera S.A. (NYSE:SQM) Stake Cut by Financial Architects Inc

Financial Architects Inc reduced its stake in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) by 4.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,778 shares of the basic materials company’s stock after selling 175 shares during the period. Financial Architects Inc’s holdings in Sociedad Quimica y Minera were worth $125,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Comerica Bank purchased a new position in shares of Sociedad Quimica y Minera during the fourth quarter worth approximately $210,000. Envestnet Asset Management Inc. increased its position in shares of Sociedad Quimica y Minera by 19.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,420 shares of the basic materials company’s stock worth $184,000 after buying an additional 1,062 shares during the last quarter. Quadrature Capital Ltd increased its position in shares of Sociedad Quimica y Minera by 3.1% in the fourth quarter. Quadrature Capital Ltd now owns 16,358 shares of the basic materials company’s stock worth $468,000 after buying an additional 493 shares during the last quarter. Creative Planning increased its position in shares of Sociedad Quimica y Minera by 40.7% in the first quarter. Creative Planning now owns 5,206 shares of the basic materials company’s stock worth $179,000 after buying an additional 1,506 shares during the last quarter. Finally, Capstone Asset Management Co. increased its position in shares of Sociedad Quimica y Minera by 3.4% in the first quarter. Capstone Asset Management Co. now owns 15,003 shares of the basic materials company’s stock worth $516,000 after buying an additional 490 shares during the last quarter. Institutional investors own 15.86% of the company’s stock.

Sociedad Quimica y Minera S.A. (NYSE SQM) traded up 2.09% during midday trading on Friday, hitting $42.89. 821,505 shares of the company’s stock traded hands. The company has a market capitalization of $11.29 billion, a PE ratio of 34.96 and a beta of 1.06. Sociedad Quimica y Minera S.A. has a 52 week low of $24.18 and a 52 week high of $43.04. The company has a 50 day moving average of $36.02 and a 200-day moving average of $34.66.

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SQM has been the subject of a number of analyst reports. Deutsche Bank AG downgraded shares of Sociedad Quimica y Minera from a “buy” rating to a “hold” rating and set a $36.00 price objective for the company. in a research report on Monday, April 17th. Vetr upgraded shares of Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating and set a $38.88 price target for the company in a report on Wednesday, May 3rd. BMO Capital Markets reiterated a “hold” rating and issued a $30.00 price target on shares of Sociedad Quimica y Minera in a report on Thursday, May 18th. Zacks Investment Research raised shares of Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Wednesday, June 21st. Finally, BidaskClub cut shares of Sociedad Quimica y Minera from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $36.98.

About Sociedad Quimica y Minera

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.