Hotchkis & Wiley Capital Management LLC Sells 507,380 Shares of Ecovyst Inc. $ECVT

Key Points

• Hotchkis & Wiley Capital Management LLC reduced its stake in Ecovyst Inc. by 3.9%, selling 507,380 shares and owning approximately 10.75% of the company, valued at $78.25 million.
• Wall Street analysts have given Ecovyst a consensus rating of "Buy" with a price target of $10.00, highlighting positive sentiment around the stock.
• Ecovyst recently reported steady earnings of $0.12 per share, with a year-over-year revenue increase of 9.5%, and has set guidance for FY 2025 at earnings between $0.520 and $0.680 per share.

Hotchkis & Wiley Capital Management LLC decreased its holdings in Ecovyst Inc. (NYSE:ECVT - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,621,535 shares of the company's stock after selling 507,380 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 10.75% of Ecovyst worth $78,254,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ECVT. Versant Capital Management Inc raised its position in Ecovyst by 200.7% in the 1st 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 last quarter. GAMMA Investing LLC raised its position in Ecovyst by 11,312.2% in the 1st 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 last quarter. AlphaQuest LLC boosted its position in Ecovyst by 60.1% in the 1st quarter. AlphaQuest LLC now owns 9,042 shares of the company's stock valued at $56,000 after buying an additional 3,396 shares during the last quarter. Royce & Associates LP bought a new position in Ecovyst in the 1st quarter valued at $73,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Ecovyst in the 1st quarter valued at $78,000. Institutional investors own 86.69% of the company's stock.

Ecovyst Trading Down 0.7%

Shares of NYSE ECVT traded down $0.07 during midday trading on Thursday, reaching $9.04. 301,380 shares of the stock were exchanged, compared to its average volume of 1,222,253. The business has a 50-day simple moving average of $8.62 and a two-hundred day simple moving average of $7.53. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -75.21, a P/E/G ratio of 0.70 and a beta of 1.18. Ecovyst Inc. has a 12 month low of $5.24 and a 12 month high of $9.31. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.25 and a quick ratio of 1.69.

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

Wall Street Analysts Forecast Growth

ECVT has been the topic of a number of recent research reports. Wall Street Zen upgraded Ecovyst from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. BWS Financial reiterated a "buy" rating and issued a $12.00 price objective on shares of Ecovyst in a research report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ecovyst currently has a consensus rating of "Buy" and an average price target of $10.00.

Ecovyst Company 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.