BNP Paribas Financial Markets Buys 62,121 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

BNP Paribas Financial Markets raised its holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) by 40.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 214,169 shares of the basic materials company's stock after buying an additional 62,121 shares during the quarter. BNP Paribas Financial Markets owned 0.07% of Sociedad Química y Minera de Chile worth $7,787,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new stake in Sociedad Química y Minera de Chile in the 4th quarter valued at approximately $39,000. Jones Financial Companies Lllp grew its holdings in shares of Sociedad Química y Minera de Chile by 803.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,075 shares of the basic materials company's stock worth $39,000 after purchasing an additional 956 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Sociedad Química y Minera de Chile during the 4th quarter worth approximately $58,000. National Bank of Canada FI acquired a new stake in shares of Sociedad Química y Minera de Chile during the 4th quarter worth approximately $68,000. Finally, Avior Wealth Management LLC grew its holdings in shares of Sociedad Química y Minera de Chile by 104.0% during the 4th quarter. Avior Wealth Management LLC now owns 2,128 shares of the basic materials company's stock worth $77,000 after purchasing an additional 1,085 shares in the last quarter. Institutional investors and hedge funds own 12.41% of the company's stock.

Sociedad Química y Minera de Chile Stock Performance

Shares of NYSE:SQM traded down $0.25 during trading on Friday, hitting $34.83. 764,696 shares of the stock were exchanged, compared to its average volume of 1,070,267. Sociedad Química y Minera de Chile S.A. has a 1-year low of $31.27 and a 1-year high of $50.73. The company has a market capitalization of $9.95 billion, a price-to-earnings ratio of -31.38, a price-to-earnings-growth ratio of 5.00 and a beta of 1.11. The company's fifty day simple moving average is $37.28 and its 200-day simple moving average is $38.26. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94.

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last announced its quarterly earnings data 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). 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 for the quarter, compared to analyst estimates of $1.01 billion. Sell-side analysts expect that Sociedad Química y Minera de Chile S.A. will post -1.31 EPS for the current fiscal 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.