Jane Street Group LLC Sells 77,880 Shares of Ecovyst Inc. (NYSE:ECVT)

Jane Street Group LLC cut its stake in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 85.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,427 shares of the company's stock after selling 77,880 shares during the period. Jane Street Group LLC's holdings in Ecovyst were worth $103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Spire Wealth Management raised its holdings in Ecovyst by 72.9% during the fourth quarter. Spire Wealth Management now owns 4,496 shares of the company's stock valued at $34,000 after acquiring an additional 1,896 shares during the period. Cibc World Markets Corp bought a new stake in Ecovyst during the fourth quarter valued at about $83,000. Quarry LP raised its holdings in Ecovyst by 485.0% during the fourth quarter. Quarry LP now owns 13,724 shares of the company's stock valued at $105,000 after acquiring an additional 11,378 shares during the period. Virtu Financial LLC bought a new stake in Ecovyst during the fourth quarter valued at about $119,000. Finally, AXQ Capital LP bought a new stake in Ecovyst during the fourth quarter valued at about $132,000. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on ECVT. BMO Capital Markets reduced their target price 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 reaffirmed a "buy" rating and issued a $12.00 target price on shares of Ecovyst in a report on Monday, May 5th.

Ecovyst Trading Up 1.3%

Shares of Ecovyst stock traded up $0.11 on Wednesday, reaching $8.24. The company had a trading volume of 823,141 shares, compared to its average volume of 1,004,637. The firm has a market cap of $966.91 million, a price-to-earnings ratio of 17.90, a P/E/G ratio of 1.04 and a beta of 1.12. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06. The firm's 50-day moving average price is $6.76 and its two-hundred day moving average price is $7.23. Ecovyst Inc. has a 1 year low of $5.24 and a 1 year high of $9.92.

Ecovyst (NYSE:ECVT - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.04. The firm had revenue of $162.20 million during the quarter, compared to analysts' expectations of $168.43 million. Ecovyst had a return on equity of 7.07% and a net margin of 7.74%. The company's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 EPS. As a group, research analysts predict that Ecovyst Inc. will post 0.44 earnings per share for the current fiscal year.

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.