Candriam Luxembourg S.C.A. boosted its stake in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 4.3% during the second quarter, Holdings Channel reports. The fund owned 73,000 shares of the basic materials company’s stock after buying an additional 3,000 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Sociedad Quimica y Minera were worth $2,411,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Creative Planning raised its stake 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 valued at $179,000 after buying an additional 1,506 shares during the last quarter. 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 period. Fox Run Management L.L.C. bought a new position in shares of Sociedad Quimica y Minera during the first quarter worth $347,000. Navellier & Associates Inc bought a new position in shares of Sociedad Quimica y Minera during the first quarter worth $5,313,000. Finally, Profund Advisors LLC increased its position in shares of Sociedad Quimica y Minera by 102.6% in the first quarter. Profund Advisors LLC now owns 14,319 shares of the basic materials company’s stock worth $492,000 after buying an additional 7,252 shares during the period. Hedge funds and other institutional investors own 16.00% of the company’s stock.

Shares of Sociedad Quimica y Minera S.A. (NYSE SQM) opened at 42.21 on Thursday. Sociedad Quimica y Minera S.A. has a 12-month low of $24.22 and a 12-month high of $43.35. The firm’s 50-day moving average is $37.31 and its 200 day moving average is $35.07. The stock has a market capitalization of $11.11 billion, a P/E ratio of 34.40 and a beta of 1.06.

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A number of brokerages recently weighed in on SQM. 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 downgraded shares of Sociedad Quimica y Minera from a “buy” rating to a “hold” rating and set a $36.00 price target on the stock. 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 price target on the stock in a report on Wednesday, May 3rd. BMO Capital Markets reissued a “hold” rating and issued a $30.00 price target 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 price objective on the stock 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 given a strong buy rating to the company’s stock. Sociedad Quimica y Minera presently has a consensus rating of “Buy” and an average 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.

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

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