Nuveen Asset Management LLC Buys New Shares in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Nuveen Asset Management LLC bought a new stake in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 985,484 shares of the basic materials company's stock, valued at approximately $35,832,000. Nuveen Asset Management LLC owned approximately 0.35% of Sociedad Química y Minera de Chile as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Manning & Napier Advisors LLC bought a new position in shares of Sociedad Química y Minera de Chile in the fourth quarter worth approximately $120,395,000. Northern Trust Corp boosted its position in shares of Sociedad Química y Minera de Chile by 367.9% in the fourth quarter. Northern Trust Corp now owns 293,799 shares of the basic materials company's stock worth $10,683,000 after purchasing an additional 231,010 shares during the period. Van ECK Associates Corp boosted its position 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 purchasing an additional 177,898 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of Sociedad Química y Minera de Chile by 5.7% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,302,897 shares of the basic materials company's stock worth $120,093,000 after purchasing an additional 177,323 shares during the period. Finally, Soros Fund Management LLC purchased a new stake in shares of Sociedad Química y Minera de Chile during the fourth quarter worth about $5,619,000. 12.41% of the stock is currently owned by hedge funds and other institutional investors.

Sociedad Química y Minera de Chile Stock Performance

NYSE:SQM opened at $34.27 on Wednesday. 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 12-month low of $31.27 and a 12-month high of $50.73. The stock has a 50-day moving average price of $36.99 and a 200 day moving average price of $38.20. The stock has a market capitalization of $9.79 billion, a P/E ratio of -30.87, a P/E/G ratio of 5.00 and a beta of 1.11.

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 earnings per share (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 business had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.01 billion. Equities research analysts forecast 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.

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