Avantax Advisory Services Inc. Takes $343,000 Position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Avantax Advisory Services Inc. purchased a new position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,425 shares of the basic materials company's stock, valued at approximately $343,000.

Other hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Sociedad Química y Minera de Chile by 11.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,555 shares of the basic materials company's stock valued at $4,056,000 after acquiring an additional 11,701 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Sociedad Química y Minera de Chile by 7.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,649 shares of the basic materials company's stock worth $496,000 after purchasing an additional 923 shares in the last quarter. Banco Santander S.A. lifted its position in shares of Sociedad Química y Minera de Chile by 96.1% in the 4th quarter. Banco Santander S.A. now owns 35,832 shares of the basic materials company's stock worth $1,303,000 after purchasing an additional 17,562 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Sociedad Química y Minera de Chile during the fourth quarter valued at about $261,000. Finally, Moneda S.A. Administradora General de Fondos raised its stake in Sociedad Química y Minera de Chile by 493.7% in the fourth quarter. Moneda S.A. Administradora General de Fondos now owns 119,691 shares of the basic materials company's stock worth $4,352,000 after buying an additional 99,532 shares in the last quarter. Hedge funds and other institutional investors own 12.41% of the company's stock.

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Sociedad Química y Minera de Chile Stock Down 0.8 %

Sociedad Química y Minera de Chile stock traded down $0.34 during trading hours on Friday, hitting $40.24. 831,687 shares of the stock traded hands, compared to its average volume of 1,066,733. Sociedad Química y Minera de Chile S.A. has a one year low of $32.24 and a one year high of $51.90. The firm's 50-day moving average price is $40.37 and its two-hundred day moving average price is $39.42. The company has a current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74. The company has a market cap of $11.49 billion, a PE ratio of -36.25, a PEG ratio of 5.00 and a beta of 1.08.

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The basic materials company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.10). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.01 billion. Sociedad Química y Minera de Chile had a negative net margin of 6.74% and a positive return on equity of 16.12%. On average, research analysts forecast that Sociedad Química y Minera de Chile S.A. will post -1.31 EPS for the current year.

Sociedad Química y Minera de Chile Profile

Sociedad Química y Minera de Chile SA operates as a mining company worldwide. The company offers specialty plant nutrients, including sodium potassium nitrate, specialty blends, and other specialty fertilizers under Ultrasol, Qrop, Speedfol, Allganic, Ultrasoline, ProP, and Prohydric brands. It also provides iodine and its derivatives for use in medical, agricultural, industrial, and human and animal nutrition products comprising x-ray contrast media, biocides, antiseptics and disinfectants, pharmaceutical intermediates, polarizing films for LCD and LED screens, chemicals, organic compounds, and pigments, as well as added to edible salt to prevent iodine deficiency disorders.