Voss Capital LP Buys 679,299 Shares of Ecovyst Inc. $ECVT

Key Points

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Voss Capital LP lifted its stake in Ecovyst Inc. (NYSE:ECVT - Free Report) by 130.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,198,981 shares of the company's stock after buying an additional 679,299 shares during the period. Voss Capital LP owned about 1.02% of Ecovyst worth $7,434,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc raised its holdings in shares of Ecovyst by 200.7% in the 1st quarter. Versant Capital Management Inc now owns 5,227 shares of the company's stock worth $32,000 after buying an additional 3,489 shares in the last quarter. GAMMA Investing LLC grew its position in Ecovyst by 11,312.2% during the 1st quarter. GAMMA Investing LLC now owns 5,592 shares of the company's stock worth $35,000 after acquiring an additional 5,543 shares during the last quarter. Royce & Associates LP acquired a new position in Ecovyst in the first quarter worth $73,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Ecovyst during the first quarter worth $78,000. Finally, Deerfield Management Company L.P. Series C bought a new stake in shares of Ecovyst during the fourth quarter worth $79,000. 86.69% of the stock is owned by institutional investors and hedge funds.

Ecovyst Trading Up 3.3%

ECVT traded up $0.2970 during mid-day trading on Friday, reaching $9.1770. The stock had a trading volume of 1,724,303 shares, compared to its average volume of 1,760,786. The stock has a market capitalization of $1.05 billion, a P/E ratio of -76.48, a P/E/G ratio of 0.70 and a beta of 1.18. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.69 and a current ratio of 2.25. The firm's fifty day simple moving average is $8.55 and its two-hundred day simple moving average is $7.50. Ecovyst Inc. has a 52 week low of $5.24 and a 52 week high of $9.31.

Ecovyst (NYSE:ECVT - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.12 EPS for the quarter, meeting analysts' consensus estimates of $0.12. The firm had revenue of $200.10 million for the quarter, compared to analyst estimates of $204.27 million. Ecovyst had a positive return on equity of 7.69% and a negative net margin of 1.91%.The business's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $0.12 EPS. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. On average, equities analysts predict that Ecovyst Inc. will post 0.44 EPS for the current year.

Wall Street Analyst Weigh In

ECVT has been the topic of several research analyst reports. BWS Financial restated a "buy" rating and set a $12.00 target price on shares of Ecovyst in a report on Monday, August 11th. Wall Street Zen upgraded Ecovyst from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $10.00.

Ecovyst 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.