Hotchkis & Wiley Capital Management LLC Reduces Position in 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 lowered its stake in Ecovyst Inc. (NYSE:ECVT - Free Report) by 3.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,621,535 shares of the company's stock after selling 507,380 shares during the period. Hotchkis & Wiley Capital Management LLC owned 10.75% of Ecovyst worth $78,254,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. AlphaQuest LLC lifted 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 acquiring an additional 3,396 shares in the last quarter. Voss Capital LP grew its stake in Ecovyst by 130.7% in the 1st quarter. Voss Capital LP now owns 1,198,981 shares of the company's stock valued at $7,434,000 after buying an additional 679,299 shares during the last quarter. First Wilshire Securities Management Inc. grew its stake in Ecovyst by 12.6% in the 1st quarter. First Wilshire Securities Management Inc. now owns 2,219,462 shares of the company's stock valued at $13,761,000 after buying an additional 247,794 shares during the last quarter. American Century Companies Inc. grew its stake in Ecovyst by 39.6% in the 1st quarter. American Century Companies Inc. now owns 379,907 shares of the company's stock valued at $2,355,000 after buying an additional 107,761 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Ecovyst during the 1st quarter worth approximately $5,448,000. Institutional investors and hedge funds own 86.69% of the company's stock.

Ecovyst Price Performance

NYSE:ECVT traded down $0.1050 during midday trading on Monday, hitting $9.0850. The company had a trading volume of 745,309 shares, compared to its average volume of 1,760,786. The company has a market capitalization of $1.04 billion, a PE ratio of -75.71, a P/E/G ratio of 0.70 and a beta of 1.18. 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 52-week low of $5.24 and a 52-week high of $9.31. The stock's fifty day moving average price is $8.57 and its 200-day moving average price is $7.51.

Ecovyst (NYSE:ECVT - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.12 EPS for the quarter, hitting analysts' consensus estimates of $0.12. Ecovyst had a negative net margin of 1.91% and a positive return on equity of 7.69%. The company had revenue of $200.10 million for the quarter, compared to analysts' expectations of $204.27 million. During the same quarter last year, the company earned $0.12 EPS. The firm's revenue 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, research analysts expect that Ecovyst Inc. will post 0.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wall Street Zen raised shares of Ecovyst from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. BWS Financial restated a "buy" rating and issued a $12.00 price target on shares of Ecovyst in a research report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $10.00.

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.