Ergoteles LLC Purchases Shares of 11,326 Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Posted by Defense World Staff on Feb 27th, 2023

Ergoteles LLC acquired a new position in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM – Get Rating) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 11,326 shares of the basic materials company’s stock, valued at approximately $1,028,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SQM. Comerica Bank lifted its stake in shares of Sociedad Química y Minera de Chile by 4.3% in the 2nd quarter. Comerica Bank now owns 2,640 shares of the basic materials company’s stock worth $236,000 after acquiring an additional 108 shares during the period. Wetherby Asset Management Inc. boosted its stake in Sociedad Química y Minera de Chile by 1.8% during the 1st quarter. Wetherby Asset Management Inc. now owns 7,123 shares of the basic materials company’s stock valued at $610,000 after purchasing an additional 124 shares in the last quarter. Atria Wealth Solutions Inc. increased its position in shares of Sociedad Química y Minera de Chile by 7.6% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 2,668 shares of the basic materials company’s stock valued at $223,000 after purchasing an additional 188 shares during the period. Rathbones Group Plc raised its stake in shares of Sociedad Química y Minera de Chile by 0.9% in the 3rd quarter. Rathbones Group Plc now owns 28,597 shares of the basic materials company’s stock worth $2,595,000 after buying an additional 250 shares in the last quarter. Finally, Sigma Planning Corp lifted its holdings in shares of Sociedad Química y Minera de Chile by 2.7% in the third quarter. Sigma Planning Corp now owns 10,163 shares of the basic materials company’s stock valued at $922,000 after buying an additional 266 shares during the period. 18.42% of the stock is owned by institutional investors.

Sociedad Química y Minera de Chile Stock Performance

Shares of SQM opened at $86.74 on Monday. Sociedad Química y Minera de Chile S.A. has a one year low of $60.69 and a one year high of $115.76. The company has a 50-day moving average of $87.09 and a two-hundred day moving average of $93.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.12 and a quick ratio of 1.61. The stock has a market cap of $24.78 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 0.40 and a beta of 0.98.

Analyst Ratings Changes

SQM has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Sociedad Química y Minera de Chile from $125.00 to $95.00 in a research report on Tuesday, January 10th. Citigroup lowered shares of Sociedad Química y Minera de Chile from a “buy” rating to a “neutral” rating and cut their target price for the company from $112.00 to $92.00 in a research note on Thursday, December 15th. Finally, StockNews.com upgraded shares of Sociedad Química y Minera de Chile from a “hold” rating to a “buy” rating in a research report on Saturday, November 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Sociedad Química y Minera de Chile currently has a consensus rating of “Hold” and an average target price of $95.60.

Sociedad Química y Minera de Chile Company Profile

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Sociedad Quimica y Minera de Chile SA engages in the production and distribution of fertilizers, potassium nitrate, iodine, and lithium chemicals. It operates through the following segments: Specialty Plant Nutrients, Iodine and Derivatives, Lithium and Derivatives, Industrial Chemicals, Potassium, and Other Products and Services.