BNP Paribas Arbitrage SA lessened its stake in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 80.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,742 shares of the basic materials company’s stock after selling 31,054 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Sociedad Quimica y Minera were worth $431,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Jennison Associates LLC raised its stake in Sociedad Quimica y Minera by 0.8% during the second quarter. Jennison Associates LLC now owns 37,080 shares of the basic materials company’s stock worth $1,224,000 after acquiring an additional 278 shares in the last quarter. Van ECK Associates Corp raised its stake in Sociedad Quimica y Minera by 0.3% during the second quarter. Van ECK Associates Corp now owns 138,379 shares of the basic materials company’s stock worth $4,569,000 after acquiring an additional 386 shares in the last quarter. Laurel Wealth Advisors Inc. raised its stake in Sociedad Quimica y Minera by 6.6% during the second quarter. Laurel Wealth Advisors Inc. now owns 6,824 shares of the basic materials company’s stock worth $225,000 after acquiring an additional 423 shares in the last quarter. CIBC World Markets Inc. raised its stake in Sociedad Quimica y Minera by 6.0% during the second quarter. CIBC World Markets Inc. now owns 15,582 shares of the basic materials company’s stock worth $515,000 after acquiring an additional 878 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Sociedad Quimica y Minera by 10.4% during the second quarter. PNC Financial Services Group Inc. now owns 11,311 shares of the basic materials company’s stock worth $374,000 after acquiring an additional 1,063 shares in the last quarter. 12.74% of the stock is owned by institutional investors and hedge funds.

Sociedad Quimica y Minera S.A. (SQM) traded down $0.99 during trading on Friday, hitting $50.95. The stock had a trading volume of 721,316 shares, compared to its average volume of 1,175,107. Sociedad Quimica y Minera S.A. has a one year low of $26.68 and a one year high of $63.80. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.79 and a quick ratio of 2.31. The firm has a market capitalization of $13,409.89, a P/E ratio of 33.74, a P/E/G ratio of 0.94 and a beta of 1.01.

Several research analysts have commented on the company. BMO Capital Markets boosted their target price on Sociedad Quimica y Minera to $60.00 and gave the stock an “average” rating in a research note on Wednesday, October 25th. They noted that the move was a valuation call. Zacks Investment Research raised Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Saturday, November 18th. downgraded Sociedad Quimica y Minera from a “buy” rating to a “reduce” rating in a research note on Wednesday, October 11th. ValuEngine downgraded Sociedad Quimica y Minera from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Santander raised Sociedad Quimica y Minera from an “underperform” rating to a “hold” rating in a research note on Wednesday, September 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $50.22.

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Sociedad Quimica y Minera 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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Institutional Ownership by Quarter for Sociedad Quimica y Minera (NYSE:SQM)

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