37,492 Shares in Ecovyst Inc. (NYSE:ECVT) Acquired by Corton Capital Inc.

Corton Capital Inc. bought a new position in Ecovyst Inc. (NYSE:ECVT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,492 shares of the company's stock, valued at approximately $286,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its stake in shares of Ecovyst by 198.1% in the third quarter. Barclays PLC now owns 178,032 shares of the company's stock worth $1,220,000 after purchasing an additional 118,303 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Ecovyst in the fourth quarter valued at approximately $139,000. Harbor Capital Advisors Inc. grew its holdings in Ecovyst by 13.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 2,000,444 shares of the company's stock worth $15,283,000 after acquiring an additional 244,081 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Ecovyst by 11.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,903,148 shares of the company's stock valued at $14,540,000 after purchasing an additional 198,817 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in shares of Ecovyst by 31.7% in the 4th quarter. New York State Common Retirement Fund now owns 29,081 shares of the company's stock worth $222,000 after buying an additional 7,000 shares during the last quarter. Institutional investors own 86.69% of the company's stock.

Wall Street Analysts Forecast Growth

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

Ecovyst Price Performance

Shares of Ecovyst stock traded up $0.18 during trading hours on Monday, reaching $7.39. 338,921 shares of the company's stock were exchanged, compared to its average volume of 953,005. The company has a market capitalization of $867.01 million, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 1.04 and a beta of 1.06. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. Ecovyst Inc. has a 1 year low of $5.24 and a 1 year high of $9.92. The business has a fifty day moving average of $6.26 and a two-hundred day moving average of $7.23.

Ecovyst (NYSE:ECVT - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate 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 net margin of 7.74% and a return on equity of 7.07%. Ecovyst's revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.04 earnings per share. As a group, research analysts predict that Ecovyst Inc. will post 0.44 earnings per share for the current fiscal year.

About Ecovyst

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.