57,713 Shares in Ecovyst Inc. (NYSE:ECVT) Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC acquired a new position in Ecovyst Inc. (NYSE:ECVT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 57,713 shares of the company's stock, valued at approximately $441,000.

Several other institutional investors have also recently bought and sold shares of the stock. Spire Wealth Management raised its position in Ecovyst by 72.9% in the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company's stock worth $34,000 after purchasing an additional 1,896 shares during the last quarter. EP Wealth Advisors LLC raised its position in Ecovyst by 18.4% in the 4th quarter. EP Wealth Advisors LLC now owns 30,567 shares of the company's stock worth $234,000 after purchasing an additional 4,743 shares during the last quarter. Marshall Wace LLP raised its position in shares of Ecovyst by 23.4% during the 4th quarter. Marshall Wace LLP now owns 29,000 shares of the company's stock valued at $222,000 after acquiring an additional 5,500 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Ecovyst by 5.1% during the 4th quarter. Federated Hermes Inc. now owns 122,370 shares of the company's stock valued at $935,000 after acquiring an additional 5,930 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of Ecovyst by 31.7% during the 4th quarter. New York State Common Retirement Fund now owns 29,081 shares of the company's stock valued at $222,000 after acquiring an additional 7,000 shares during the last quarter. Institutional investors own 86.69% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. BMO Capital Markets dropped their target price 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 reiterated a "buy" rating and set a $12.00 target price on shares of Ecovyst in a research report on Monday, May 5th.

Ecovyst Price Performance

ECVT opened at $7.24 on Tuesday. 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 12 month low of $5.24 and a 12 month high of $9.92. The company has a fifty day simple moving average of $6.34 and a 200 day simple moving average of $7.27. The stock has a market cap of $849.98 million, a P/E ratio of 15.74, a P/E/G ratio of 1.04 and a beta of 1.06.

Ecovyst (NYSE:ECVT - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.04. Ecovyst had a net margin of 7.74% and a return on equity of 7.07%. The business had revenue of $162.20 million during the quarter, compared to analysts' expectations of $168.43 million. During the same quarter in the prior year, the company earned $0.04 EPS. The firm's quarterly revenue was up 1.1% on a year-over-year basis. On average, research analysts expect that Ecovyst Inc. will post 0.44 EPS for the current year.

Ecovyst Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.