Millennium Management LLC Invests $2.16 Million in Ecovyst Inc. (NYSE:ECVT)

Millennium Management LLC acquired a new stake in Ecovyst Inc. (NYSE:ECVT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 283,206 shares of the company's stock, valued at approximately $2,164,000. Millennium Management LLC owned about 0.24% of Ecovyst as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Ecovyst by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 10,926,133 shares of the company's stock worth $83,476,000 after buying an additional 56,142 shares during the period. William Blair Investment Management LLC grew its holdings in shares of Ecovyst by 1.9% during the 4th quarter. William Blair Investment Management LLC now owns 3,601,346 shares of the company's stock valued at $27,514,000 after acquiring an additional 67,338 shares in the last quarter. Medina Value Partners LLC boosted its holdings in Ecovyst by 44.2% during the fourth quarter. Medina Value Partners LLC now owns 2,742,233 shares of the company's stock valued at $20,951,000 after acquiring an additional 840,495 shares during the period. Boston Partners boosted its holdings in Ecovyst by 30.2% during the fourth quarter. Boston Partners now owns 2,401,811 shares of the company's stock valued at $18,405,000 after acquiring an additional 557,249 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Ecovyst by 11.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,903,148 shares of the company's stock valued at $14,540,000 after acquiring an additional 198,817 shares during the period. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Ecovyst Trading Up 1.1%

ECVT traded up $0.09 during mid-day trading on Thursday, reaching $8.01. The stock had a trading volume of 1,248,604 shares, compared to its average volume of 997,112. The stock has a market capitalization of $940.26 million, a P/E ratio of 17.41, 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 quick ratio of 2.06 and a current ratio of 2.54. The firm's fifty day simple moving average is $6.60 and its two-hundred day simple moving average is $7.23. 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 announced its quarterly earnings data on Thursday, May 1st. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company earned $0.04 EPS. On average, equities analysts predict that Ecovyst Inc. will post 0.44 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.