Dimensional Fund Advisors LP decreased its stake in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 18.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 559,641 shares of the basic materials company’s stock after selling 128,877 shares during the period. Dimensional Fund Advisors LP owned about 0.21% of Sociedad Quimica y Minera worth $19,230,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Axiom International Investors LLC DE increased its stake in 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. Marshall Wace North America L.P. bought a new stake in Sociedad Quimica y Minera during the first quarter valued at about $3,756,000. MARSHALL WACE ASIA Ltd bought a new stake in Sociedad Quimica y Minera during the first quarter valued at about $3,756,000. Global X Management Co. LLC increased its stake in 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, PNC Financial Services Group Inc. increased its stake in Sociedad Quimica y Minera by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 10,248 shares of the basic materials company’s stock valued at $353,000 after buying an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 16.00% of the company’s stock.

Shares of Sociedad Quimica y Minera S.A. (SQM) traded down 0.12% during trading on Friday, hitting $41.09. The stock had a trading volume of 582,471 shares. The firm has a 50 day moving average of $37.79 and a 200 day moving average of $35.17. The company has a market capitalization of $10.81 billion, a price-to-earnings ratio of 33.49 and a beta of 1.06. Sociedad Quimica y Minera S.A. has a 1-year low of $24.22 and a 1-year high of $43.35.

WARNING: “Sociedad Quimica y Minera S.A. (SQM) Stake Cut by Dimensional Fund Advisors LP” was originally reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://theolympiareport.com/2017/08/12/sociedad-quimica-y-minera-s-a-sqm-stake-cut-by-dimensional-fund-advisors-lp.html.

Several research firms have issued reports on SQM. BidaskClub upgraded Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 2nd. BMO Capital Markets restated a “hold” rating and set a $35.00 price objective on shares of Sociedad Quimica y Minera in a report on Friday, July 7th. Zacks Investment Research upgraded 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. Deutsche Bank AG boosted their price objective on Sociedad Quimica y Minera from $36.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, May 22nd. Finally, Vetr upgraded 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 report on Wednesday, May 3rd. Four analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target 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.

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.