Forest Hill Capital LLC Raises Holdings in Ecovyst Inc. (NYSE:ECVT)

Forest Hill Capital LLC grew its holdings in Ecovyst Inc. (NYSE:ECVT - Free Report) by 61.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 371,900 shares of the company's stock after purchasing an additional 141,900 shares during the period. Ecovyst comprises about 2.2% of Forest Hill Capital LLC's investment portfolio, making the stock its 13th biggest holding. Forest Hill Capital LLC owned 0.32% of Ecovyst worth $2,841,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ECVT. Barclays PLC raised its position in Ecovyst by 198.1% in the 3rd quarter. Barclays PLC now owns 178,032 shares of the company's stock worth $1,220,000 after buying an additional 118,303 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Ecovyst during the fourth quarter valued at approximately $139,000. Harbor Capital Advisors Inc. lifted its position in Ecovyst by 13.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 2,000,444 shares of the company's stock valued at $15,283,000 after purchasing an additional 244,081 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Ecovyst by 11.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,903,148 shares of the company's stock worth $14,540,000 after purchasing an additional 198,817 shares during the last quarter. Finally, New York State Common Retirement Fund grew 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 worth $222,000 after purchasing an additional 7,000 shares during the period. 86.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ECVT shares. BWS Financial reissued a "buy" rating and set a $12.00 price target on shares of Ecovyst in a report on Monday, May 5th. BMO Capital Markets dropped their target price on Ecovyst from $11.00 to $9.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd.

Ecovyst Trading Up 2.1 %

Shares of ECVT stock opened at $7.20 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06. The company has a market cap of $845.18 million, a price-to-earnings ratio of 15.65, a PEG ratio of 1.04 and a beta of 1.06. Ecovyst Inc. has a 1 year low of $5.24 and a 1 year high of $9.92. The firm has a fifty day moving average price of $6.26 and a 200-day moving average price of $7.22.

Ecovyst (NYSE:ECVT - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.04. Ecovyst had a return on equity of 7.07% and a net margin of 7.74%. The business had revenue of $162.20 million during the quarter, compared to analyst estimates of $168.43 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. Ecovyst's revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities analysts predict 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.

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