Two Sigma Advisers LP Sells 44,800 Shares of Ecovyst Inc. (NYSE:ECVT)

Two Sigma Advisers LP decreased its stake in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 422,600 shares of the company's stock after selling 44,800 shares during the period. Two Sigma Advisers LP owned about 0.36% of Ecovyst worth $3,229,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Spire Wealth Management increased its stake in 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Ecovyst by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,231 shares of the company's stock worth $506,000 after acquiring an additional 2,325 shares during the period. EP Wealth Advisors LLC lifted its holdings in Ecovyst by 18.4% during the fourth quarter. EP Wealth Advisors LLC now owns 30,567 shares of the company's stock worth $234,000 after acquiring an additional 4,743 shares during the period. Needham Investment Management LLC lifted its holdings in Ecovyst by 0.5% during the fourth quarter. Needham Investment Management LLC now owns 920,000 shares of the company's stock worth $7,029,000 after acquiring an additional 5,000 shares during the period. Finally, Marshall Wace LLP lifted its holdings in Ecovyst by 23.4% during the fourth quarter. Marshall Wace LLP now owns 29,000 shares of the company's stock worth $222,000 after acquiring an additional 5,500 shares during the period. Hedge funds and other institutional investors own 86.69% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on ECVT shares. BMO Capital Markets dropped their price target on Ecovyst from $11.00 to $9.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. BWS Financial reiterated a "buy" rating and set a $12.00 price target on shares of Ecovyst in a report on Monday, May 5th.

Ecovyst Stock Performance

Shares of ECVT traded down $0.05 during mid-day trading on Friday, hitting $7.46. The stock had a trading volume of 1,108,023 shares, compared to its average volume of 989,308. The firm has a market cap of $875.81 million, a P/E ratio of 16.22, a PEG ratio of 1.04 and a beta of 1.06. The business has a fifty day moving average price of $6.49 and a 200-day moving average price of $7.23. 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 Inc. has a 52 week low of $5.24 and a 52 week high of $9.92.

Ecovyst (NYSE:ECVT - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.04. The firm had revenue of $162.20 million for the quarter, compared to analyst estimates of $168.43 million. Ecovyst had a return on equity of 7.07% and a net margin of 7.74%. The business's revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.04 earnings per share. On average, equities research analysts expect 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.