Raymond James Financial Inc. Buys New Position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Raymond James Financial Inc. bought a new stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) during the fourth quarter, HoldingsChannel.com reports. The fund bought 7,191 shares of the basic materials company’s stock, valued at approximately $261,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Manning & Napier Advisors LLC acquired a new stake in Sociedad Química y Minera de Chile in the 4th quarter valued at approximately $120,395,000. D.B. Root & Company LLC acquired a new position in shares of Sociedad Química y Minera de Chile during the 4th quarter worth approximately $252,000. Atria Wealth Solutions Inc. increased 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 purchasing an additional 6,846 shares during the last quarter. Vontobel Holding Ltd. increased its position in shares of Sociedad Química y Minera de Chile by 1.1% during the 4th quarter. Vontobel Holding Ltd. now owns 40,589 shares of the basic materials company’s stock worth $1,476,000 after purchasing an additional 452 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Sociedad Química y Minera de Chile by 76.9% during the 4th quarter. KBC Group NV now owns 114,992 shares of the basic materials company’s stock worth $4,181,000 after purchasing an additional 50,000 shares during the last quarter. Institutional investors and hedge funds own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Stock Up 1.9%

NYSE:SQM opened at $34.91 on Monday. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of -31.45, a price-to-earnings-growth ratio of 5.00 and a beta of 1.11. Sociedad Química y Minera de Chile S.A. has a twelve month low of $31.27 and a twelve month high of $50.73. The stock’s 50 day moving average price is $37.90 and its two-hundred day moving average price is $38.42. 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 posted its quarterly earnings results on Tuesday, March 4th. The basic materials company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.10). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates 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%. Equities research analysts expect 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.