Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its position in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) by 299.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,839 shares of the basic materials company's stock after buying an additional 71,823 shares during the period. Envestnet Asset Management Inc.'s holdings in Sociedad Química y Minera de Chile were worth $3,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC acquired a new stake in Sociedad Química y Minera de Chile during the fourth quarter worth $39,000. Jones Financial Companies Lllp increased its position 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 Sociedad Química y Minera de Chile in the 4th quarter valued at about $58,000. National Bank of Canada FI purchased a new stake in Sociedad Química y Minera de Chile in the 4th quarter valued at about $68,000. Finally, Avior Wealth Management LLC lifted its position in Sociedad Química y Minera de Chile by 104.0% in 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 last quarter. Hedge funds and other institutional investors own 12.41% of the company's stock.

Sociedad Química y Minera de Chile Trading Down 2.0 %

Shares of SQM traded down $0.71 during trading on Wednesday, reaching $34.25. 1,414,328 shares of the company traded hands, compared to its average volume of 1,079,218. The stock has a 50-day simple moving average of $38.59 and a 200-day simple moving average of $38.70. The company has a quick ratio of 2.05, a current ratio of 2.94 and a debt-to-equity ratio of 0.74. Sociedad Química y Minera de Chile S.A. has a twelve month low of $31.27 and a twelve month high of $50.73. The stock has a market cap of $9.78 billion, a PE ratio of -30.86, a price-to-earnings-growth ratio of 5.00 and a beta of 0.99.

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last announced its earnings results on Tuesday, March 4th. The basic materials company reported $0.42 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 earnings per share for the current year.

About Sociedad Química y Minera de Chile

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.