Sava Infond d.o.o. Invests $1.34 Million in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Sava Infond d.o.o. bought a new stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 36,970 shares of the basic materials company’s stock, valued at approximately $1,344,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SQM. Manning & Napier Advisors LLC bought a new stake in Sociedad Química y Minera de Chile during the fourth quarter worth about $120,395,000. Van ECK Associates Corp increased its holdings in Sociedad Química y Minera de Chile by 28.4% during the fourth quarter. Van ECK Associates Corp now owns 804,913 shares of the basic materials company’s stock worth $29,267,000 after buying an additional 177,898 shares during the last quarter. Peregrine Investment Management Inc. bought a new stake in Sociedad Química y Minera de Chile during the fourth quarter worth $5,505,000. Boston Partners bought a new position in shares of Sociedad Química y Minera de Chile in the 4th quarter valued at about $3,978,000. Finally, Concentric Capital Strategies LP acquired a new position in shares of Sociedad Química y Minera de Chile during the 3rd quarter worth about $4,213,000. 12.41% of the stock is owned by institutional investors.

Sociedad Química y Minera de Chile Trading Down 2.6 %

Shares of NYSE:SQM opened at $41.59 on Thursday. The company has a 50-day simple moving average of $40.36 and a 200 day simple moving average of $39.41. The company has a market capitalization of $11.88 billion, a P/E ratio of -37.47, a price-to-earnings-growth ratio of 5.00 and a beta of 1.08. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94. Sociedad Química y Minera de Chile S.A. has a 52-week low of $32.24 and a 52-week high of $51.90.

Sociedad Química y Minera de Chile (NYSE:SQM) last posted 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 analyst estimates 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 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.