PharVision Advisers LLC Makes New Investment in Ecovyst Inc. (NYSE:ECVT)

PharVision Advisers LLC acquired a new position in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 58,121 shares of the company's stock, valued at approximately $444,000.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Ecovyst by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 10,926,133 shares of the company's stock worth $83,476,000 after acquiring an additional 56,142 shares during the last quarter. Shapiro Capital Management LLC raised its holdings in shares of Ecovyst by 21.9% in the 4th quarter. Shapiro Capital Management LLC now owns 4,830,268 shares of the company's stock valued at $36,903,000 after purchasing an additional 868,397 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Ecovyst by 1.9% in 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 purchasing an additional 67,338 shares in the last quarter. Medina Value Partners LLC lifted its position in shares of Ecovyst by 44.2% during the 4th quarter. Medina Value Partners LLC now owns 2,742,233 shares of the company's stock worth $20,951,000 after purchasing an additional 840,495 shares during the last quarter. Finally, Boston Partners grew its stake in shares of Ecovyst by 30.2% during the fourth quarter. Boston Partners now owns 2,401,811 shares of the company's stock worth $18,405,000 after purchasing an additional 557,249 shares in the last quarter. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Ecovyst Stock Down 1.2%

Shares of NYSE ECVT traded down $0.09 during mid-day trading on Monday, reaching $7.31. The company had a trading volume of 2,165,069 shares, compared to its average volume of 981,827. The firm has a 50 day simple moving average of $6.39 and a two-hundred day simple moving average of $7.25. Ecovyst Inc. has a 52-week low of $5.24 and a 52-week high of $9.92. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17. The stock has a market cap of $857.61 million, a P/E ratio of 15.88, a PEG ratio of 1.04 and a beta of 1.06.

Ecovyst (NYSE:ECVT - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.04. The company had revenue of $162.20 million during the quarter, compared to the consensus estimate of $168.43 million. Ecovyst had a net margin of 7.74% and a return on equity of 7.07%. Ecovyst's revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 earnings per share. Sell-side analysts predict that Ecovyst Inc. will post 0.44 earnings per share for the current 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.