Envestnet Asset Management Inc. Grows Stock Holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Envestnet Asset Management Inc. grew its holdings in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 299.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 95,839 shares of the basic materials company’s stock after purchasing an additional 71,823 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Sociedad Química y Minera de Chile were worth $3,485,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SQM. Manning & Napier Advisors LLC purchased a new stake in Sociedad Química y Minera de Chile in the 4th quarter valued at about $120,395,000. D.B. Root & Company LLC purchased a new stake in Sociedad Química y Minera de Chile in the fourth quarter valued at approximately $252,000. Atria Wealth Solutions Inc. grew its holdings in Sociedad Química y Minera de Chile by 55.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 19,275 shares of the basic materials company’s stock valued at $701,000 after purchasing an additional 6,846 shares during the period. State Street Corp increased its position in Sociedad Química y Minera de Chile by 8.9% during the third quarter. State Street Corp now owns 265,545 shares of the basic materials company’s stock worth $11,068,000 after purchasing an additional 21,778 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its stake in Sociedad Química y Minera de Chile by 1.1% during the fourth quarter. Vontobel Holding Ltd. now owns 40,589 shares of the basic materials company’s stock worth $1,476,000 after purchasing an additional 452 shares during the period. Institutional investors and hedge funds own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Stock Up 2.7 %

Shares of NYSE SQM opened at $35.87 on Friday. The stock has a market capitalization of $10.25 billion, a PE ratio of -32.32, a P/E/G ratio of 5.00 and a beta of 0.99. The company has a quick ratio of 2.05, a current ratio of 2.94 and a debt-to-equity ratio of 0.74. The firm has a fifty day moving average of $38.94 and a 200-day moving average of $38.92. Sociedad Química y Minera de Chile S.A. has a 52-week low of $31.27 and a 52-week high of $50.73.

Sociedad Química y Minera de Chile (NYSE:SQM) last posted its quarterly earnings results on Tuesday, March 4th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.10). The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations 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, analysts anticipate that Sociedad Química y Minera de Chile S.A. will post -1.31 EPS for the current year.

Sociedad Química y Minera de Chile Company 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.