MGO One Seven LLC Acquires New Stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

MGO One Seven 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 Form 13F filing with the Securities & Exchange Commission. The firm purchased 17,659 shares of the basic materials company's stock, valued at approximately $642,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SQM. Manning & Napier Advisors LLC acquired a new stake in shares of Sociedad Química y Minera de Chile in the fourth quarter valued at approximately $120,395,000. Van ECK Associates Corp increased its holdings 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 valued at $29,267,000 after purchasing an additional 177,898 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its holdings 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 valued at $120,093,000 after purchasing an additional 177,323 shares in the last quarter. Peregrine Investment Management Inc. acquired a new stake in shares of Sociedad Química y Minera de Chile in the fourth quarter valued at approximately $5,505,000. Finally, Marshall Wace LLP boosted its stake in Sociedad Química y Minera de Chile by 1,416.8% in the fourth quarter. Marshall Wace LLP now owns 141,214 shares of the basic materials company's stock valued at $5,135,000 after acquiring an additional 131,904 shares during the last quarter. Institutional investors and hedge funds own 12.41% of the company's stock.

Sociedad Química y Minera de Chile Trading Down 0.5 %

SQM stock traded down $0.18 during midday trading on Thursday, reaching $34.02. The company's stock had a trading volume of 498,836 shares, compared to its average volume of 1,076,906. Sociedad Química y Minera de Chile S.A. has a 52 week low of $31.27 and a 52 week high of $50.73. The stock has a market cap of $9.72 billion, a PE ratio of -30.65, a price-to-earnings-growth 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 business's 50-day simple moving average is $38.59 and its 200-day simple moving average is $38.70.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $1.01 billion. As a group, sell-side analysts expect 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.