PharVision Advisers LLC Acquires Shares of 58,121 Ecovyst Inc. (NYSE:ECVT)

PharVision Advisers LLC purchased a new stake in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 58,121 shares of the company's stock, valued at approximately $444,000.

A number of other hedge funds also recently bought and sold shares of ECVT. Spire Wealth Management raised its stake in shares of Ecovyst by 72.9% in 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Ecovyst by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,231 shares of the company's stock valued at $506,000 after acquiring an additional 2,325 shares in the last quarter. EP Wealth Advisors LLC raised its holdings in shares of Ecovyst by 18.4% in the fourth quarter. EP Wealth Advisors LLC now owns 30,567 shares of the company's stock valued at $234,000 after acquiring an additional 4,743 shares in the last quarter. Needham Investment Management LLC raised its holdings in shares of Ecovyst by 0.5% in the fourth quarter. Needham Investment Management LLC now owns 920,000 shares of the company's stock valued at $7,029,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in Ecovyst by 23.4% in the fourth quarter. Marshall Wace LLP now owns 29,000 shares of the company's stock worth $222,000 after purchasing an additional 5,500 shares in the last quarter. Hedge funds and other institutional investors own 86.69% of the company's stock.

Analyst Ratings Changes

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

Ecovyst Price Performance

Shares of NYSE:ECVT traded down $0.09 during midday trading on Friday, reaching $7.31. 2,165,069 shares of the company's stock traded hands, compared to its average volume of 981,827. Ecovyst Inc. has a 1 year low of $5.24 and a 1 year high of $9.92. The company 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. 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 company has a fifty day simple moving average of $6.39 and a two-hundred day simple moving average of $7.25.

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

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.