Ecovyst Inc. (NYSE:ECVT) Stock Holdings Decreased by Squarepoint Ops LLC

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

Other institutional investors have also modified their holdings of the company. Spire Wealth Management boosted its holdings 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. Deerfield Management Company L.P. Series C acquired a new stake in Ecovyst in the fourth quarter valued at about $79,000. Bridgefront Capital LLC purchased a new stake in Ecovyst in the 4th quarter valued at approximately $81,000. Cibc World Markets Corp acquired a new position in Ecovyst during the 4th quarter worth approximately $83,000. Finally, Quarry LP raised its stake in shares of Ecovyst by 485.0% during the 4th quarter. Quarry LP now owns 13,724 shares of the company's stock worth $105,000 after buying an additional 11,378 shares in the last quarter. 86.69% of the stock is owned by hedge funds and other institutional investors.

Ecovyst Stock Up 0.9%

Ecovyst stock traded up $0.08 during midday trading on Thursday, hitting $8.00. The stock had a trading volume of 732,458 shares, compared to its average volume of 993,912. 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 $938.62 million, a P/E ratio of 17.38, a P/E/G ratio of 1.04 and a beta of 1.12. Ecovyst Inc. has a 12 month low of $5.24 and a 12 month high of $9.92. The business has a fifty day moving average price of $6.56 and a 200 day moving average price of $7.23.

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 analysts' consensus estimates of ($0.03) by $0.04. The business had revenue of $162.20 million for the quarter, compared to analyst estimates of $168.43 million. Ecovyst had a net margin of 7.74% and a return on equity of 7.07%. The business's revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the business earned $0.04 earnings per share. Research analysts predict that Ecovyst Inc. will post 0.44 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on ECVT. BMO Capital Markets lowered their price target on shares of 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 restated a "buy" rating and set a $12.00 price objective on shares of Ecovyst in a research report on Monday, May 5th.

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.