Ecovyst Inc. (NYSE:ECVT) Shares Bought by Western Standard LLC

Western Standard LLC lifted its position in shares of Ecovyst Inc. (NYSE:ECVT) by 79.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,251,626 shares of the company’s stock after buying an additional 553,590 shares during the period. Ecovyst comprises about 6.4% of Western Standard LLC’s investment portfolio, making the stock its 5th largest holding. Western Standard LLC owned 1.07% of Ecovyst worth $9,562,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Spire Wealth Management increased its position in Ecovyst by 72.9% during the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock worth $34,000 after buying an additional 1,896 shares during the period. Deerfield Management Company L.P. Series C acquired a new position in shares of Ecovyst in the 4th quarter worth approximately $79,000. Bridgefront Capital LLC acquired a new stake in Ecovyst during the fourth quarter worth approximately $81,000. Cibc World Markets Corp acquired a new position in shares of Ecovyst during the fourth quarter valued at about $83,000. Finally, Quarry LP grew its position in Ecovyst by 485.0% in the 4th quarter. Quarry LP now owns 13,724 shares of the company’s stock valued at $105,000 after purchasing an additional 11,378 shares during the period. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ECVT shares. BMO Capital Markets reduced their price target on shares of Ecovyst from $11.00 to $9.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. BWS Financial restated a “buy” rating and issued a $12.00 price objective on shares of Ecovyst in a report on Monday, May 5th.

Ecovyst Trading Down 4.4%

Shares of NYSE ECVT opened at $7.24 on Tuesday. The business’s 50 day moving average is $6.34 and its two-hundred day moving average is $7.27. The stock has a market capitalization of $849.98 million, a P/E ratio of 15.74, a PEG ratio of 1.04 and a beta of 1.06. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06. Ecovyst Inc. has a 1-year low of $5.24 and a 1-year high of $9.92.

Ecovyst (NYSE:ECVT) last posted its earnings results on Thursday, May 1st. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04. The company had revenue of $162.20 million during the quarter, compared to analyst estimates of $168.43 million. Ecovyst had a return on equity of 7.07% and a net margin of 7.74%. Ecovyst’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.04 earnings per share. As a group, research analysts expect that Ecovyst Inc. will post 0.44 EPS for the current year.

Ecovyst Profile

Ecovyst Inc offers specialty catalysts and services in the United States and internationally. The company operates in two segments, Ecoservices and Advanced Materials & Catalysts. The Ecoservices segment provides sulfuric acid recycling services and end-to-end logistics for production of alkylate for refineries; and virgin sulfuric acid for mining, water treatment, and industrial applications.