Bridgefront Capital LLC Buys New Holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Bridgefront Capital LLC purchased a new stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,431 shares of the basic materials company's stock, valued at approximately $416,000.

A number of other hedge funds have also made changes to their positions in SQM. Kestra Investment Management LLC acquired a new stake in shares of Sociedad Química y Minera de Chile during the fourth quarter valued at $39,000. Jones Financial Companies Lllp boosted its stake 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 during the last quarter. R Squared Ltd purchased a new stake in shares of Sociedad Química y Minera de Chile during the fourth quarter worth about $58,000. National Bank of Canada FI acquired a new position in shares of Sociedad Química y Minera de Chile in the fourth quarter valued at approximately $68,000. Finally, Avior Wealth Management LLC lifted its stake in shares of Sociedad Química y Minera de Chile by 104.0% during the fourth quarter. Avior Wealth Management LLC now owns 2,128 shares of the basic materials company's stock valued at $77,000 after buying an additional 1,085 shares during the period. Hedge funds and other institutional investors own 12.41% of the company's stock.

Sociedad Química y Minera de Chile Trading Up 1.9 %

SQM stock traded up $0.64 during midday trading on Friday, hitting $34.91. The stock had a trading volume of 706,872 shares, compared to its average volume of 1,074,595. The company's 50-day moving average price is $37.90 and its 200 day moving average price is $38.44. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.94 and a quick ratio of 2.05. The firm has a market cap of $9.97 billion, a PE ratio of -31.45, a price-to-earnings-growth ratio of 5.00 and a beta of 1.11. Sociedad Química y Minera de Chile S.A. has a 12-month low of $31.27 and a 12-month high of $50.73.

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last released its earnings results 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 negative net margin of 6.74% and a positive return on equity of 16.12%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.01 billion. On average, equities research analysts predict that Sociedad Química y Minera de Chile S.A. will post -1.31 earnings per share 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.