Nexpoint Asset Management L.P. Boosts Position in Ecovyst Inc. $ECVT

Key Points

• Nexpoint Asset Management significantly raised its position in Ecovyst Inc. by 977.3%, acquiring additional shares during the first quarter and now holding approximately 0.25% of the company, valued at $1.78 million.
• Ecovyst's most recent earnings report showed EPS of $0.12, meeting analysts' estimates, with a revenue of $200.10 million, falling short of expected figures.
• Equity analysts have given Ecovyst an average rating of "Buy", with target prices ranging from $10.00 to $12.00 per share, indicating a positive outlook for the stock.

Nexpoint Asset Management L.P. boosted its position in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 977.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 287,687 shares of the company's stock after buying an additional 260,982 shares during the period. Nexpoint Asset Management L.P. owned 0.25% of Ecovyst worth $1,784,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in shares of Ecovyst by 200.7% in the first quarter. Versant Capital Management Inc now owns 5,227 shares of the company's stock valued at $32,000 after purchasing an additional 3,489 shares during the period. GAMMA Investing LLC increased its holdings in shares of Ecovyst by 11,312.2% in the first quarter. GAMMA Investing LLC now owns 5,592 shares of the company's stock valued at $35,000 after purchasing an additional 5,543 shares during the period. AlphaQuest LLC increased its holdings in shares of Ecovyst by 60.1% in the first quarter. AlphaQuest LLC now owns 9,042 shares of the company's stock valued at $56,000 after purchasing an additional 3,396 shares during the period. Royce & Associates LP acquired a new position in shares of Ecovyst in the first quarter valued at approximately $73,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Ecovyst in the first quarter valued at approximately $78,000. Institutional investors and hedge funds own 86.69% of the company's stock.

Ecovyst Price Performance

Shares of Ecovyst stock traded down $0.02 during trading on Friday, reaching $9.00. The company's stock had a trading volume of 1,381,579 shares, compared to its average volume of 1,123,463. The company has a quick ratio of 1.69, a current ratio of 2.25 and a debt-to-equity ratio of 1.22. Ecovyst Inc. has a 12-month low of $5.24 and a 12-month high of $9.31. The company has a market capitalization of $1.03 billion, a P/E ratio of -74.96, a price-to-earnings-growth ratio of 0.68 and a beta of 1.24. The business has a 50 day moving average price of $8.72 and a 200-day moving average price of $7.56.

Ecovyst (NYSE:ECVT - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.12 earnings per share 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 firm had revenue of $200.10 million for the quarter, compared to the consensus estimate of $204.27 million. During the same period in the previous year, the business earned $0.12 earnings per share. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. As a group, sell-side analysts anticipate that Ecovyst Inc. will post 0.44 EPS for the current year.

Analyst Ratings Changes

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

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.