Sarasin & Partners LLP reduced its position in Sociedad Quimica y Minera de Chile SA (NYSE:SQM) by 3.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,139,243 shares of the company’s stock after selling 68,744 shares during the period. Sarasin & Partners LLP owned 0.81% of Sociedad Quimica y Minera de Chile SA worth $57,546,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. FMR LLC increased its stake in shares of Sociedad Quimica y Minera de Chile SA by 325.9% in the second quarter. FMR LLC now owns 4,567,452 shares of the company’s stock worth $112,907,000 after buying an additional 3,495,050 shares during the period. Axiom International Investors LLC DE boosted its position in Sociedad Quimica y Minera de Chile SA by 100.9% in the second quarter. Axiom International Investors LLC DE now owns 1,583,602 shares of the company’s stock worth $39,147,000 after buying an additional 795,292 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Sociedad Quimica y Minera de Chile SA during the second quarter worth approximately $14,718,000. Marketfield Asset Management LLC purchased a new position in Sociedad Quimica y Minera de Chile SA during the second quarter worth approximately $14,596,000. Finally, Bank of Montreal Can purchased a new position in Sociedad Quimica y Minera de Chile SA during the second quarter worth approximately $13,483,000. Institutional investors own 18.88% of the company’s stock.

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

Shares of Sociedad Quimica y Minera de Chile SA (NYSE:SQM) traded up 1.71% on Wednesday, hitting $27.95. The stock had a trading volume of 67,372 shares. Sociedad Quimica y Minera de Chile SA has a 12 month low of $14.31 and a 12 month high of $30.06. The company has a 50 day moving average price of $28.19 and a 200-day moving average price of $25.65. The stock has a market cap of $7.43 billion, a PE ratio of 29.51 and a beta of 1.14.

COPYRIGHT VIOLATION NOTICE: This story was published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this story can be viewed at https://www.thecerbatgem.com/2016/11/30/sociedad-quimica-y-minera-de-chile-sa-sqm-stake-lowered-by-sarasin-partners-llp.html.

A number of research analysts recently commented on the company. BMO Capital Markets reissued a “hold” rating and issued a $30.00 target price on shares of Sociedad Quimica y Minera de Chile SA in a research note on Monday. Zacks Investment Research raised Sociedad Quimica y Minera de Chile SA from a “sell” rating to a “hold” rating in a research note on Tuesday. Scotiabank cut Sociedad Quimica y Minera de Chile SA from an “outperform” rating to a “sector perform” rating in a research note on Monday. TheStreet raised Sociedad Quimica y Minera de Chile SA from a “hold” rating to a “buy” rating in a research note on Thursday, August 25th. Finally, Deutsche Bank AG assumed coverage on Sociedad Quimica y Minera de Chile SA in a research note on Tuesday, November 15th. They issued a “buy” rating and a $33.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Sociedad Quimica y Minera de Chile SA currently has an average rating of “Hold” and an average price target of $28.62.

About Sociedad Quimica y Minera de Chile SA

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.

5 Day Chart for NYSE:SQM

Receive News & Stock Ratings for Sociedad Quimica y Minera de Chile SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sociedad Quimica y Minera de Chile SA and related stocks with our FREE daily email newsletter.