Seldon Capital LP Reduces Stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Seldon Capital LP lessened its holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) by 61.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,747 shares of the basic materials company's stock after selling 20,295 shares during the period. Seldon Capital LP's holdings in Sociedad Química y Minera de Chile were worth $463,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SQM. Manning & Napier Advisors LLC purchased a new stake in shares of Sociedad Química y Minera de Chile during the fourth quarter valued at approximately $120,395,000. D.B. Root & Company LLC bought a new position in Sociedad Química y Minera de Chile during the fourth quarter valued at about $252,000. Atria Wealth Solutions Inc. raised its holdings in shares of Sociedad Química y Minera de Chile by 55.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 19,275 shares of the basic materials company's stock worth $701,000 after purchasing an additional 6,846 shares during the period. State Street Corp grew its holdings in Sociedad Química y Minera de Chile by 8.9% during the third quarter. State Street Corp now owns 265,545 shares of the basic materials company's stock valued at $11,068,000 after purchasing an additional 21,778 shares during the period. Finally, Vontobel Holding Ltd. increased its position in Sociedad Química y Minera de Chile by 1.1% in the fourth quarter. Vontobel Holding Ltd. now owns 40,589 shares of the basic materials company's stock worth $1,476,000 after buying an additional 452 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 Stock Performance

Shares of NYSE SQM traded down $0.21 during trading on Friday, reaching $35.63. 281,541 shares of the stock traded hands, compared to its average volume of 1,079,456. The company has a 50-day moving average of $38.94 and a 200-day moving average of $38.92. 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 capitalization of $10.18 billion, a P/E ratio of -32.11, a price-to-earnings-growth ratio of 5.00 and a beta of 0.99. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.94 and a quick ratio of 2.05.

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last issued its earnings results on Tuesday, March 4th. The basic materials company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $1.01 billion. 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 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.