LPL Financial LLC Sells 9,447 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

LPL Financial LLC lessened its holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 28.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 23,998 shares of the basic materials company’s stock after selling 9,447 shares during the quarter. LPL Financial LLC’s holdings in Sociedad Química y Minera de Chile were worth $873,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Manning & Napier Advisors LLC bought a new position in Sociedad Química y Minera de Chile in the fourth quarter worth approximately $120,395,000. D.B. Root & Company LLC bought a new position in shares of Sociedad Química y Minera de Chile in the 4th quarter worth $252,000. Atria Wealth Solutions Inc. boosted its position in Sociedad Química y Minera de Chile by 55.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 19,275 shares of the basic materials company’s stock valued at $701,000 after purchasing an additional 6,846 shares in the last quarter. State Street Corp raised its holdings in Sociedad Química y Minera de Chile by 8.9% in the third quarter. State Street Corp now owns 265,545 shares of the basic materials company’s stock worth $11,068,000 after purchasing an additional 21,778 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its position in shares of Sociedad Química y Minera de Chile by 1.1% during the fourth 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 during the last quarter. 12.41% of the stock is currently owned by institutional investors.

Sociedad Química y Minera de Chile Trading Down 1.9 %

NYSE SQM opened at $34.27 on Tuesday. 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 company has a 50 day moving average price of $39.16 and a 200 day moving average price of $39.02. The company has a quick ratio of 2.05, a current ratio of 2.94 and a debt-to-equity ratio of 0.74. The firm has a market cap of $9.79 billion, a PE ratio of -30.87, a price-to-earnings-growth ratio of 5.00 and a beta of 0.99.

Sociedad Química y Minera de Chile (NYSE:SQM) last issued its quarterly earnings data on Tuesday, March 4th. The basic materials company reported $0.42 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.01 billion. As a group, sell-side 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 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.