Western Standard LLC Buys 553,590 Shares of Ecovyst Inc. (NYSE:ECVT)

Western Standard LLC grew its stake in Ecovyst Inc. (NYSE:ECVT - Free Report) by 79.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,251,626 shares of the company's stock after buying an additional 553,590 shares during the quarter. Ecovyst accounts for approximately 6.4% of Western Standard LLC's portfolio, making the stock its 5th biggest position. Western Standard LLC owned approximately 1.07% of Ecovyst worth $9,562,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Spire Wealth Management boosted its stake in shares of Ecovyst by 72.9% in the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company's stock valued at $34,000 after buying an additional 1,896 shares during the period. Deerfield Management Company L.P. Series C purchased a new position in shares of Ecovyst in the 4th quarter valued at about $79,000. Bridgefront Capital LLC purchased a new position in shares of Ecovyst in the 4th quarter valued at about $81,000. Cibc World Markets Corp purchased a new position in shares of Ecovyst in the 4th quarter valued at about $83,000. Finally, Quarry LP boosted its stake in shares of Ecovyst by 485.0% in the 4th quarter. Quarry LP now owns 13,724 shares of the company's stock valued at $105,000 after buying an additional 11,378 shares during the period. Hedge funds and other institutional investors own 86.69% of the company's stock.

Ecovyst Stock Down 1.2%

ECVT stock traded down $0.09 during trading on Friday, hitting $7.31. 2,165,069 shares of the company's stock were exchanged, compared to its average volume of 981,827. The business has a 50-day moving average price of $6.39 and a two-hundred day moving average price of $7.25. The stock has a market capitalization of $857.61 million, a price-to-earnings ratio of 15.88, a PEG ratio of 1.04 and a beta of 1.06. Ecovyst Inc. has a 52-week low of $5.24 and a 52-week high of $9.92. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17.

Ecovyst (NYSE:ECVT - Get Free Report) last issued 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. Ecovyst had a return on equity of 7.07% and a net margin of 7.74%. The company had revenue of $162.20 million during the quarter, compared to analysts' expectations of $168.43 million. During the same quarter in the previous year, the business earned $0.04 earnings per share. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities research analysts expect that Ecovyst Inc. will post 0.44 EPS for the current year.

Analyst Ratings Changes

ECVT has been the subject of several recent analyst reports. BWS Financial restated a "buy" rating and set a $12.00 target price on shares of Ecovyst in a research note on Monday, May 5th. BMO Capital Markets decreased 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.

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.