Ecovyst Inc. $ECVT is Cove Street Capital LLC's 2nd Largest Position

Key Points

• Cove Street Capital LLC has increased its stake in Ecovyst Inc. (NYSE: ECVT) by 29.8%, making it the fund's second largest position, with 638,149 shares valued at approximately $3.96 million.
• Institutional investors own 86.69% of Ecovyst's stock, with several hedge funds significantly boosting their stakes in recent quarters.
• Ecovyst reported an EPS of $0.12 in its latest quarterly earnings, meeting analysts' expectations, and projected a FY 2025 EPS guidance between 0.520 - 0.680.

Cove Street Capital LLC lifted its stake in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 29.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 638,149 shares of the company's stock after acquiring an additional 146,589 shares during the period. Ecovyst accounts for about 6.2% of Cove Street Capital LLC's portfolio, making the stock its 2nd largest position. Cove Street Capital LLC owned approximately 0.54% of Ecovyst worth $3,957,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Bridgeway Capital Management LLC increased its stake in Ecovyst by 31.7% in the first quarter. Bridgeway Capital Management LLC now owns 619,030 shares of the company's stock valued at $3,838,000 after purchasing an additional 148,951 shares in the last quarter. Brigade Capital Management LP increased its position in Ecovyst by 28.7% in the 1st quarter. Brigade Capital Management LP now owns 667,255 shares of the company's stock valued at $4,137,000 after buying an additional 148,755 shares in the last quarter. EP Wealth Advisors LLC raised its stake in Ecovyst by 29.5% during the 1st quarter. EP Wealth Advisors LLC now owns 39,599 shares of the company's stock worth $246,000 after buying an additional 9,032 shares during the period. Royal Bank of Canada boosted its holdings in Ecovyst by 8.6% in the first 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 in the last quarter. Finally, Trexquant Investment LP acquired a new stake in Ecovyst in the first quarter valued at approximately $2,004,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ECVT shares. BWS Financial reiterated a "buy" rating and issued a $12.00 target price on shares of Ecovyst in a report on Monday, August 11th. Wall Street Zen cut shares of Ecovyst from a "buy" rating to a "hold" rating in a report on Friday. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $10.00.

Ecovyst Stock Performance

Shares of NYSE ECVT traded up $0.15 during midday trading on Monday, reaching $9.15. The company's stock had a trading volume of 1,341,021 shares, compared to its average volume of 1,214,735. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.25 and a quick ratio of 1.69. The stock has a market capitalization of $1.05 billion, a P/E ratio of -76.21, a PEG ratio of 0.68 and a beta of 1.24. The firm has a 50 day moving average price of $8.72 and a 200-day moving average price of $7.56. Ecovyst Inc. has a 12-month low of $5.24 and a 12-month high of $9.31.

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