Sei Investments Co. Sells 11,274 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Sei Investments Co. lessened its stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 371,566 shares of the basic materials company’s stock after selling 11,274 shares during the quarter. Sei Investments Co. owned approximately 0.13% of Sociedad Química y Minera de Chile worth $13,510,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. FMR LLC lifted its stake in Sociedad Química y Minera de Chile by 1,076.3% during the 3rd quarter. FMR LLC now owns 18,726 shares of the basic materials company’s stock valued at $781,000 after acquiring an additional 17,134 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Sociedad Química y Minera de Chile by 15.7% during the third quarter. BNP Paribas Financial Markets now owns 152,048 shares of the basic materials company’s stock worth $6,337,000 after purchasing an additional 20,616 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in Sociedad Química y Minera de Chile in the 4th quarter worth about $120,395,000. D.B. Root & Company LLC purchased a new stake in Sociedad Química y Minera de Chile in the 4th quarter valued at about $252,000. Finally, Atria Wealth Solutions Inc. lifted its position in shares of Sociedad Química y Minera de Chile by 55.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 19,275 shares of the basic materials company’s stock worth $701,000 after buying an additional 6,846 shares in 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

SQM stock opened at $40.24 on Friday. The business has a 50 day moving average of $40.37 and a 200-day moving average of $39.46. The firm has a market cap of $11.49 billion, a PE ratio of -36.25, a P/E/G ratio of 5.00 and a beta of 1.08. Sociedad Química y Minera de Chile S.A. has a 12-month low of $32.24 and a 12-month high of $51.90. The company has a quick ratio of 2.05, a current ratio of 2.94 and a debt-to-equity ratio of 0.74.

Sociedad Química y Minera de Chile (NYSE:SQM) last announced its earnings results on Tuesday, March 4th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, sell-side analysts expect that Sociedad Química y Minera de Chile S.A. will post -1.31 earnings per share for the current 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.