Bridgeway Capital Management LLC Raises Position in Ecovyst Inc. $ECVT

Key Points

• Bridgeway Capital Management LLC increased its stake in Ecovyst Inc. by 31.7% during the first quarter, now owning approximately 619,030 shares valued at around $3.84 million.
• Ecovyst reported $0.12 EPS for the latest quarter, meeting analysts' consensus estimates, and has set its FY 2025 guidance between 0.520 and 0.680 EPS.
• Shares of Ecovyst are currently rated as a "Buy" by several analysts, with a consensus price target of $10.00, despite a recent downgrade from "buy" to "hold" from Wall Street Zen.

Bridgeway Capital Management LLC grew its holdings in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 31.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 619,030 shares of the company's stock after acquiring an additional 148,951 shares during the quarter. Bridgeway Capital Management LLC owned 0.53% of Ecovyst worth $3,838,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Ecovyst by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,231 shares of the company's stock valued at $506,000 after buying an additional 2,325 shares during the last quarter. AlphaQuest LLC lifted its stake in shares of Ecovyst by 60.1% in the 1st quarter. AlphaQuest LLC now owns 9,042 shares of the company's stock valued at $56,000 after acquiring an additional 3,396 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Ecovyst by 200.7% during the 1st quarter. Versant Capital Management Inc now owns 5,227 shares of the company's stock valued at $32,000 after acquiring an additional 3,489 shares during the period. Royal Bank of Canada grew its position in Ecovyst by 8.6% during the 1st quarter. Royal Bank of Canada now owns 45,069 shares of the company's stock worth $279,000 after acquiring an additional 3,571 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Ecovyst by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 372,061 shares of the company's stock worth $2,307,000 after purchasing an additional 4,293 shares during the period. 86.69% of the stock is currently owned by institutional investors.

Ecovyst Trading Up 0.6%

Shares of ECVT stock traded up $0.06 during trading hours on Thursday, reaching $9.25. The company's stock had a trading volume of 5,557,561 shares, compared to its average volume of 1,061,389. The stock has a market capitalization of $1.06 billion, a P/E ratio of -77.04, a P/E/G ratio of 0.70 and a beta of 1.24. Ecovyst Inc. has a one year low of $5.24 and a one year high of $9.69. The firm's fifty day simple moving average is $8.80 and its 200 day simple moving average is $7.60. The company has a current ratio of 2.25, a quick ratio of 1.69 and a debt-to-equity ratio of 1.22.

Ecovyst (NYSE:ECVT - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.12 EPS for the quarter, meeting analysts' consensus estimates of $0.12. Ecovyst had a positive return on equity of 7.69% and a negative net margin of 1.91%.The company had revenue of $200.10 million during the quarter, compared to the consensus estimate of $204.27 million. During the same quarter in the prior year, the company earned $0.12 earnings per share. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. Equities research analysts expect that Ecovyst Inc. will post 0.44 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ECVT shares. Wall Street Zen lowered Ecovyst from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. BWS Financial reiterated a "buy" rating and set a $12.00 price target on shares of Ecovyst in a report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $10.00.

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.