Ecovyst Inc. (NYSE:ECVT) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC decreased its stake in Ecovyst Inc. (NYSE:ECVT - Free Report) by 56.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,383 shares of the company's stock after selling 130,297 shares during the period. Squarepoint Ops LLC owned 0.09% of Ecovyst worth $775,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ECVT. Proficio Capital Partners LLC bought a new position in Ecovyst in the 4th quarter worth about $139,000. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 buying an additional 198,817 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Ecovyst by 58.9% during the fourth quarter. Bank of America Corp DE now owns 1,250,750 shares of the company's stock worth $9,556,000 after buying an additional 463,435 shares during the period. BNP Paribas Financial Markets bought a new position in Ecovyst in the 4th quarter worth approximately $123,000. Finally, New York State Common Retirement Fund increased its position in Ecovyst by 31.7% in the 4th quarter. New York State Common Retirement Fund now owns 29,081 shares of the company's stock valued at $222,000 after acquiring an additional 7,000 shares during the period. Institutional investors and hedge funds own 86.69% of the company's stock.

Ecovyst Price Performance

Shares of NYSE:ECVT traded down $0.02 during trading on Friday, reaching $8.00. The company had a trading volume of 1,476,882 shares, compared to its average volume of 999,700. The firm's fifty day moving average is $6.63 and its 200 day moving average is $7.23. The firm has a market capitalization of $938.97 million, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.04 and a beta of 1.12. Ecovyst Inc. has a twelve month low of $5.24 and a twelve month high of $9.92. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54.

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 the consensus estimate of ($0.03) by $0.04. The firm had revenue of $162.20 million for 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 firm's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.04 earnings per share. On average, equities analysts forecast that Ecovyst Inc. will post 0.44 EPS for the current year.

Analyst Ratings Changes

ECVT has been the topic of several recent analyst reports. BMO Capital Markets cut their target price 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 price target on shares of Ecovyst in a report 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.