Ecovyst Inc. $ECVT Shares Acquired by Voss Capital LP

Key Points

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

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

Ecovyst Trading Up 3.3%

ECVT traded up $0.2970 during trading on Friday, hitting $9.1770. 1,724,303 shares of the company's stock were exchanged, compared to its average volume of 1,766,332. The company has a current ratio of 2.25, a quick ratio of 1.69 and a debt-to-equity ratio of 1.22. Ecovyst Inc. has a 1 year low of $5.24 and a 1 year high of $9.31. The stock has a 50 day moving average price of $8.55 and a 200 day moving average price of $7.50. The firm has a market cap of $1.05 billion, a P/E ratio of -76.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.18.

Ecovyst (NYSE:ECVT - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. Ecovyst had a negative net margin of 1.91% and a positive return on equity of 7.69%. The company had revenue of $200.10 million during the quarter, compared to the consensus estimate of $204.27 million. During the same period in the previous year, the firm earned $0.12 earnings per share. Ecovyst's revenue for the quarter was up 9.5% on a year-over-year basis. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. As a group, analysts expect that Ecovyst Inc. will post 0.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. BWS Financial restated a "buy" rating and issued a $12.00 target price on shares of Ecovyst in a report on Monday, August 11th. Wall Street Zen upgraded shares of 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 MarketBeat.com, the company has a consensus rating of "Buy" and an average target price 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.