MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 87,014 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its stake in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,459,008 shares of the basic materials company's stock after selling 87,014 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.51% of Sociedad Química y Minera de Chile worth $53,050,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kestra Investment Management LLC bought a new stake in Sociedad Química y Minera de Chile during the 4th quarter valued at approximately $39,000. Jones Financial Companies Lllp boosted its position in shares of Sociedad Química y Minera de Chile by 803.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,075 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 956 shares in the last quarter. R Squared Ltd purchased a new stake in Sociedad Química y Minera de Chile in the fourth quarter worth $58,000. National Bank of Canada FI purchased a new stake in Sociedad Química y Minera de Chile in the fourth quarter worth $68,000. Finally, Avior Wealth Management LLC lifted its position in 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 Stock Performance

Shares of SQM stock opened at $36.01 on Tuesday. The company's fifty day moving average price is $37.83 and its 200-day moving average price is $38.39. The stock has a market cap of $10.29 billion, a PE ratio of -32.45, a price-to-earnings-growth ratio of 5.00 and a beta of 1.11. 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.

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last issued its quarterly earnings results 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). The business 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, equities analysts expect that Sociedad Química y Minera de Chile S.A. will post -1.31 EPS for the current fiscal 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.

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