Gotham Asset Management LLC Makes New Investment in Ecovyst Inc. (NYSE:ECVT)

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

Several other institutional investors have also made changes to their positions in ECVT. Medina Value Partners LLC boosted its stake in shares of Ecovyst by 44.2% in the fourth quarter. Medina Value Partners LLC now owns 2,742,233 shares of the company's stock valued at $20,951,000 after buying an additional 840,495 shares during the period. Boston Partners boosted its stake in shares of Ecovyst by 30.2% in the fourth quarter. Boston Partners now owns 2,401,811 shares of the company's stock valued at $18,405,000 after buying an additional 557,249 shares during the period. Voss Capital LP bought a new stake in shares of Ecovyst in the fourth quarter valued at approximately $3,970,000. Bank of America Corp DE boosted its stake in shares of Ecovyst by 58.9% in the fourth quarter. Bank of America Corp DE now owns 1,250,750 shares of the company's stock valued at $9,556,000 after buying an additional 463,435 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Ecovyst in the fourth quarter valued at approximately $2,706,000. 86.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. BWS Financial reiterated a "buy" rating and issued a $12.00 price target on shares of Ecovyst in a research note on Monday, May 5th. BMO Capital Markets cut their target price on Ecovyst from $11.00 to $9.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd.

Ecovyst Trading Down 1.2%

NYSE ECVT traded down $0.09 on Friday, reaching $7.31. The company had a trading volume of 2,165,069 shares, compared to its average volume of 981,827. The firm has a market cap of $857.61 million, a price-to-earnings ratio of 15.88, a P/E/G ratio of 1.04 and a beta of 1.06. Ecovyst Inc. has a fifty-two week low of $5.24 and a fifty-two week high of $9.92. The business has a 50 day moving average of $6.39 and a two-hundred day moving average of $7.25. 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 (NYSE:ECVT - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.01 earnings per share for the quarter, beating 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%. Ecovyst's quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.04 earnings per share. Analysts forecast 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.