Envestnet Portfolio Solutions Inc. Buys New Shares in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Envestnet Portfolio Solutions Inc. bought a new position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,293 shares of the basic materials company's stock, valued at approximately $411,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SQM. Manning & Napier Advisors LLC bought a new stake in Sociedad Química y Minera de Chile in the 4th quarter worth about $120,395,000. Van ECK Associates Corp grew its stake in shares of Sociedad Química y Minera de Chile by 28.4% in the fourth quarter. Van ECK Associates Corp now owns 804,913 shares of the basic materials company's stock worth $29,267,000 after acquiring an additional 177,898 shares during the period. Peregrine Investment Management Inc. purchased a new position in shares of Sociedad Química y Minera de Chile during the fourth quarter valued at approximately $5,505,000. Concentric Capital Strategies LP bought a new position in Sociedad Química y Minera de Chile during the third quarter valued at approximately $4,213,000. Finally, Moneda S.A. Administradora General de Fondos boosted its holdings 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 purchasing an additional 99,532 shares during the last quarter. Institutional investors own 12.41% of the company's stock.

Sociedad Química y Minera de Chile Stock Performance

NYSE:SQM traded down $0.34 during trading hours on Friday, reaching $40.24. The company had a trading volume of 831,687 shares, compared to its average volume of 1,067,623. The firm's 50 day moving average price is $40.37 and its 200-day moving average price is $39.46. The firm has a market cap of $11.49 billion, a price-to-earnings ratio of -36.25, a PEG ratio of 5.00 and a beta of 1.08. The company has a current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74. Sociedad Química y Minera de Chile S.A. has a 52 week low of $32.24 and a 52 week high of $51.90.

Remove Ads

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The basic materials company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.10). Sociedad Química y Minera de Chile had a positive return on equity of 16.12% and a negative net margin of 6.74%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.01 billion. On average, 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.