UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 52,943 Shares of Ecovyst Inc. (NYSE:ECVT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 27.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 248,731 shares of the company's stock after buying an additional 52,943 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Ecovyst worth $1,900,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Spire Wealth Management lifted its stake in shares of Ecovyst by 72.9% during the fourth quarter. Spire Wealth Management now owns 4,496 shares of the company's stock worth $34,000 after purchasing an additional 1,896 shares in the last quarter. Deerfield Management Company L.P. Series C acquired a new stake in Ecovyst during the fourth quarter valued at approximately $79,000. Bridgefront Capital LLC bought a new position in shares of Ecovyst during the fourth quarter valued at approximately $81,000. Cibc World Markets Corp bought a new position in shares of Ecovyst during the fourth quarter valued at approximately $83,000. Finally, Quarry LP grew its holdings in shares of Ecovyst by 485.0% during the fourth quarter. Quarry LP now owns 13,724 shares of the company's stock valued at $105,000 after purchasing an additional 11,378 shares during the last quarter. Hedge funds and other institutional investors own 86.69% of the company's stock.

Wall Street Analysts Forecast Growth

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

Ecovyst Price Performance

Shares of Ecovyst stock traded up $0.11 during midday trading on Wednesday, reaching $8.24. The company had a trading volume of 823,141 shares, compared to its average volume of 1,004,637. The stock has a fifty day simple moving average of $6.76 and a 200 day simple moving average of $7.23. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17. Ecovyst Inc. has a 1-year low of $5.24 and a 1-year high of $9.92. The company has a market capitalization of $966.91 million, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 1.04 and a beta of 1.12.

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. The business had revenue of $162.20 million for the quarter, compared to analysts' expectations of $168.43 million. Ecovyst had a net margin of 7.74% and a return on equity of 7.07%. The firm's revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 EPS. As a group, equities research analysts forecast that Ecovyst Inc. will post 0.44 earnings per share for the current 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.