Ecovyst Inc. $ECVT Shares Sold by EVR Research LP

Key Points

• EVR Research LP sold 150,000 shares of Ecovyst Inc., reducing its stake by 15% to 850,000 shares, which constitutes about 1.5% of its investment portfolio.
• Other hedge funds, such as Versant Capital and GAMMA Investing LLC, have significantly increased their positions in Ecovyst during the first quarter, indicating growing institutional interest.
• Ecovyst has received a consensus rating of "Buy" from analysts, with an average price target of $10.00 per share.

EVR Research LP trimmed its stake in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 15.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 850,000 shares of the company's stock after selling 150,000 shares during the period. Ecovyst comprises 1.5% of EVR Research LP's holdings, making the stock its 18th largest position. EVR Research LP owned approximately 0.72% of Ecovyst worth $5,270,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings in 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 lifted its position in Ecovyst by 11,312.2% during the first quarter. GAMMA Investing LLC now owns 5,592 shares of the company's stock worth $35,000 after buying an additional 5,543 shares in the last quarter. AlphaQuest LLC raised its position in 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. Deerfield Management Company L.P. Series C purchased a new stake in Ecovyst in the fourth quarter valued at $79,000. Finally, Bridgefront Capital LLC acquired a new stake in shares of Ecovyst in the fourth quarter valued at $81,000. 86.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ECVT shares. Wall Street Zen raised Ecovyst from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. BWS Financial reissued a "buy" rating and issued a $12.00 target price on shares of Ecovyst in a report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Ecovyst currently has an average rating of "Buy" and a consensus price target of $10.00.

Ecovyst Stock Performance

NYSE ECVT traded down $0.02 on Friday, hitting $9.10. 483,855 shares of the company's stock were exchanged, compared to its average volume of 1,564,387. 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 firm's 50-day moving average price is $8.66 and its two-hundred day moving average price is $7.54. Ecovyst Inc. has a fifty-two week low of $5.24 and a fifty-two week high of $9.31. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of -75.79, a P/E/G ratio of 0.69 and a beta of 1.18.

Ecovyst (NYSE:ECVT - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) 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 company 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 posted $0.12 EPS. The firm's quarterly revenue was up 9.5% on a year-over-year basis. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. On average, research analysts expect that Ecovyst Inc. will post 0.44 EPS 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.