Sei Investments Co. Reduces Holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Sei Investments Co. lowered its position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 2.9% in the 4th quarter, HoldingsChannel reports. The fund owned 371,566 shares of the basic materials company’s stock after selling 11,274 shares during the period. Sei Investments Co.’s holdings in Sociedad Química y Minera de Chile were worth $13,510,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SQM. Rakuten Securities Inc. increased its stake in shares of Sociedad Química y Minera de Chile by 11.2% in the fourth quarter. Rakuten Securities Inc. now owns 4,119 shares of the basic materials company’s stock worth $150,000 after purchasing an additional 415 shares in the last quarter. Vontobel Holding Ltd. grew its stake in Sociedad Química y Minera de Chile by 1.1% in the 4th quarter. Vontobel Holding Ltd. now owns 40,589 shares of the basic materials company’s stock valued at $1,476,000 after buying an additional 452 shares in the last quarter. Signaturefd LLC raised its holdings in Sociedad Química y Minera de Chile by 18.1% during the 4th quarter. Signaturefd LLC now owns 2,953 shares of the basic materials company’s stock valued at $107,000 after acquiring an additional 453 shares during the period. Sigma Planning Corp lifted its position in shares of Sociedad Química y Minera de Chile by 4.7% during the fourth quarter. Sigma Planning Corp now owns 13,011 shares of the basic materials company’s stock worth $473,000 after acquiring an additional 581 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Sociedad Química y Minera de Chile by 23.3% in the fourth quarter. Blue Trust Inc. now owns 3,566 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 675 shares during the period. 12.41% of the stock is currently owned by institutional investors.

Sociedad Química y Minera de Chile Stock Performance

NYSE:SQM opened at $40.24 on Friday. Sociedad Química y Minera de Chile S.A. has a 52-week low of $32.24 and a 52-week high of $51.90. The business’s fifty day moving average is $40.37 and its 200 day moving average is $39.46. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94. The firm has a market cap of $11.49 billion, a price-to-earnings ratio of -36.25, a PEG ratio of 5.00 and a beta of 1.08.

Sociedad Química y Minera de Chile (NYSE:SQM) last announced 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 firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Sociedad Química y Minera de Chile had a positive return on equity of 16.12% and a negative net margin of 6.74%. Research analysts predict that Sociedad Química y Minera de Chile S.A. will post -1.31 EPS for the current 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.