Ecovyst Inc. (NYSE:ECVT) Shares Sold by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP lowered its holdings in Ecovyst Inc. (NYSE:ECVT - Free Report) by 68.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,927 shares of the company's stock after selling 66,402 shares during the quarter. Brevan Howard Capital Management LP's holdings in Ecovyst were worth $236,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Spire Wealth Management raised its position in Ecovyst by 72.9% in the fourth quarter. Spire Wealth Management now owns 4,496 shares of the company's stock valued at $34,000 after purchasing an additional 1,896 shares during the period. Bridgefront Capital LLC acquired a new stake in shares of Ecovyst in the fourth quarter valued at $81,000. Cibc World Markets Corp acquired a new stake in shares of Ecovyst in the fourth quarter valued at $83,000. Quarry LP grew its stake in shares of Ecovyst by 485.0% in the fourth quarter. Quarry LP now owns 13,724 shares of the company's stock valued at $105,000 after buying an additional 11,378 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Ecovyst in the fourth quarter valued at $119,000. Hedge funds and other institutional investors own 86.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets dropped their price objective on Ecovyst from $11.00 to $9.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. BWS Financial reaffirmed a "buy" rating and issued a $12.00 price objective on shares of Ecovyst in a research note on Monday, May 5th.

Ecovyst Stock Performance

ECVT traded up $0.05 on Friday, hitting $7.58. 811,491 shares of the company traded hands, compared to its average volume of 963,996. The company has a 50 day moving average of $6.33 and a 200-day moving average of $7.26. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $889.55 million, a PE ratio of 16.47, a PEG ratio of 1.04 and a beta of 1.06. Ecovyst Inc. has a 12-month low of $5.24 and a 12-month high of $9.92.

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