Morgan Stanley boosted its stake in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) by 23.9% during the first quarter, Holdings Channel reports. The firm owned 126,456 shares of the basic materials company’s stock after buying an additional 24,434 shares during the period. Morgan Stanley’s holdings in Sociedad Quimica y Minera were worth $4,346,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SQM. Financial Architects Inc boosted its position in Sociedad Quimica y Minera by 18,723.8% in the first quarter. Financial Architects Inc now owns 3,953 shares of the basic materials company’s stock worth $136,000 after buying an additional 3,932 shares in the last quarter. Quantbot Technologies LP bought a new position in Sociedad Quimica y Minera during the first quarter worth about $136,000. Creative Planning boosted its position in 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 in the last quarter. Commerce Bank bought a new position in Sociedad Quimica y Minera during the first quarter worth about $203,000. Finally, Shufro Rose & Co. LLC bought a new position in Sociedad Quimica y Minera during the first quarter worth about $223,000. Institutional investors own 16.00% of the company’s stock.

Shares of Sociedad Quimica y Minera S.A. (SQM) traded down 0.12% on Friday, hitting $41.09. 582,471 shares of the company traded hands. The company has a market capitalization of $10.81 billion, a PE ratio of 33.49 and a beta of 1.06. The stock’s 50-day moving average price is $37.79 and its 200-day moving average price is $35.17. Sociedad Quimica y Minera S.A. has a 12 month low of $24.22 and a 12 month high of $43.35.

TRADEMARK VIOLATION WARNING: “Sociedad Quimica y Minera S.A. (NYSE:SQM) Position Increased by Morgan Stanley” was first reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.watchlistnews.com/sociedad-quimica-y-minera-s-a-nysesqm-position-increased-by-morgan-stanley/1478973.html.

Several research analysts recently issued reports on the stock. BidaskClub raised shares of Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 2nd. Deutsche Bank AG cut shares of Sociedad Quimica y Minera from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a report on Monday, April 17th. Vetr raised shares of Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating and set a $38.88 target price for the company in a report on Wednesday, May 3rd. BMO Capital Markets reissued a “hold” rating and set a $30.00 target price on shares of Sociedad Quimica y Minera in a report on Thursday, May 18th. Finally, Zacks Investment Research raised shares of Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Wednesday, June 21st. Four analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Sociedad Quimica y Minera currently has a consensus rating of “Buy” and a consensus target price of $36.98.

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.

Want to see what other hedge funds are holding SQM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sociedad Quimica y Minera S.A. (NYSE:SQM).

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

Receive News & Ratings for Sociedad Quimica y Minera S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sociedad Quimica y Minera S.A. and related companies with Analyst Ratings Network's FREE daily email newsletter.