Soros Fund Management LLC Purchases New Shares in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Soros Fund Management LLC purchased a new position in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 154,531 shares of the basic materials company's stock, valued at approximately $5,619,000. Soros Fund Management LLC owned about 0.05% of Sociedad Química y Minera de Chile as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Manning & Napier Advisors LLC acquired a new position in Sociedad Química y Minera de Chile during the fourth quarter worth $120,395,000. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Sociedad Química y Minera de Chile by 5.7% in the 4th 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 acquiring an additional 177,323 shares during the period. Earnest Partners LLC increased its stake in shares of Sociedad Química y Minera de Chile by 1.8% during the 4th quarter. Earnest Partners LLC now owns 1,071,339 shares of the basic materials company's stock worth $38,954,000 after purchasing an additional 18,748 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Sociedad Química y Minera de Chile by 28.4% in the 4th 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 during the period. Finally, North of South Capital LLP lifted its stake in Sociedad Química y Minera de Chile by 19.1% in the 4th quarter. North of South Capital LLP now owns 597,057 shares of the basic materials company's stock valued at $21,709,000 after purchasing an additional 95,564 shares during the last quarter. Institutional investors own 12.41% of the company's stock.

Sociedad Química y Minera de Chile Stock Performance

NYSE SQM traded up $0.09 during trading on Friday, reaching $34.05. 685,293 shares of the company's stock were exchanged, compared to its average volume of 1,078,333. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.94 and a quick ratio of 2.05. The business has a 50 day moving average price of $38.36 and a 200-day moving average price of $38.62. The stock has a market capitalization of $9.73 billion, a P/E ratio of -30.68, a PEG ratio of 5.00 and a beta of 0.99. Sociedad Química y Minera de Chile S.A. has a fifty-two week low of $31.27 and a fifty-two week high of $50.73.

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last posted its quarterly 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 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. Sell-side analysts forecast that Sociedad Química y Minera de Chile S.A. will post -1.31 earnings per share 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.