Sumitomo Mitsui Asset Management Company LTD raised its stake in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 23.6% during the second quarter, Holdings Channel reports. The fund owned 12,050 shares of the basic materials company’s stock after buying an additional 2,300 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Sociedad Quimica y Minera were worth $397,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of SQM. Axiom International Investors LLC DE increased its stake in shares of Sociedad Quimica y Minera by 6.6% in the first quarter. Axiom International Investors LLC DE now owns 1,630,752 shares of the basic materials company’s stock valued at $56,049,000 after buying an additional 101,528 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Sociedad Quimica y Minera by 155.9% in the first quarter. Goldman Sachs Group Inc. now owns 984,749 shares of the basic materials company’s stock valued at $33,846,000 after buying an additional 599,929 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Sociedad Quimica y Minera by 3.9% in the first quarter. Renaissance Technologies LLC now owns 785,500 shares of the basic materials company’s stock valued at $26,998,000 after buying an additional 29,600 shares during the last quarter. Global X Management Co. LLC increased its stake in shares of Sociedad Quimica y Minera by 23.1% in the first quarter. Global X Management Co. LLC now owns 716,308 shares of the basic materials company’s stock valued at $24,620,000 after buying an additional 134,504 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Sociedad Quimica y Minera by 6.2% in the first quarter. Parametric Portfolio Associates LLC now owns 638,761 shares of the basic materials company’s stock valued at $21,954,000 after buying an additional 37,144 shares during the last quarter. Hedge funds and other institutional investors own 16.00% of the company’s stock.

Sociedad Quimica y Minera S.A. (NYSE SQM) opened at 41.09 on Friday. Sociedad Quimica y Minera S.A. has a 52 week low of $24.22 and a 52 week high of $43.35. The company has a market cap of $10.81 billion, a PE ratio of 33.49 and a beta of 1.06. The company has a 50-day moving average price of $37.79 and a 200 day moving average price of $35.17.

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Several equities research analysts have recently weighed in on SQM shares. BidaskClub downgraded Sociedad Quimica y Minera from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Vetr raised Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating and set a $38.88 price objective on the stock in a research note on Wednesday, May 3rd. BMO Capital Markets reissued a “hold” rating and issued a $30.00 price objective on shares of Sociedad Quimica y Minera in a research note on Thursday, May 18th. Zacks Investment Research raised 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, Deutsche Bank AG cut Sociedad Quimica y Minera from a “buy” rating to a “hold” rating and set a $36.00 price objective on the stock. in a research note on Monday, April 17th. Four 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’s stock. The stock currently has an average 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.

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

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