Ecovyst Inc. (NYSE:ECVT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in shares of Ecovyst Inc. (NYSE:ECVT) by 60.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,108,244 shares of the company’s stock after selling 1,667,883 shares during the period. Victory Capital Management Inc. owned 0.95% of Ecovyst worth $9,941,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Innealta Capital LLC acquired a new position in Ecovyst during the 2nd quarter worth approximately $35,000. CWM LLC increased its stake in Ecovyst by 6,920.7% during the 2nd quarter. CWM LLC now owns 4,072 shares of the company’s stock worth $37,000 after buying an additional 4,014 shares during the period. Quest Partners LLC acquired a new position in Ecovyst in the 4th quarter worth $78,000. SG Americas Securities LLC acquired a new stake in shares of Ecovyst during the second quarter valued at about $95,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Ecovyst during the first quarter worth about $114,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Joseph S. Koscinski purchased 4,807 shares of Ecovyst stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $6.26 per share, with a total value of $30,091.82. Following the completion of the acquisition, the insider now owns 544,609 shares in the company, valued at approximately $3,409,252.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Ecovyst news, insider Paul Whittleston bought 7,800 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were purchased at an average cost of $6.50 per share, for a total transaction of $50,700.00. Following the transaction, the insider now directly owns 57,542 shares in the company, valued at $374,023. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph S. Koscinski purchased 4,807 shares of Ecovyst stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $6.26 per share, with a total value of $30,091.82. Following the transaction, the insider now directly owns 544,609 shares in the company, valued at approximately $3,409,252.34. The disclosure for this purchase can be found here. 1.59% of the stock is owned by corporate insiders.

Ecovyst Price Performance

Shares of NYSE:ECVT opened at $6.68 on Friday. The company has a quick ratio of 2.18, a current ratio of 2.72 and a debt-to-equity ratio of 1.19. The firm has a 50-day simple moving average of $7.72 and a 200 day simple moving average of $8.96. Ecovyst Inc. has a fifty-two week low of $6.02 and a fifty-two week high of $11.35. The company has a market cap of $778.02 million, a PE ratio of 10.60, a P/E/G ratio of 1.13 and a beta of 1.02.

Ecovyst (NYSE:ECVT) last posted its earnings results on Thursday, August 1st. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). The company had revenue of $182.80 million for the quarter, compared to the consensus estimate of $189.79 million. Ecovyst had a net margin of 8.14% and a return on equity of 7.88%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the company posted $0.26 earnings per share. On average, sell-side analysts anticipate that Ecovyst Inc. will post 0.46 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. KeyCorp dropped their price objective on Ecovyst from $13.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Citigroup cut their price target on shares of Ecovyst from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Finally, BWS Financial lowered their price objective on Ecovyst from $18.00 to $12.00 and set a “buy” rating for the company in a report on Monday, August 5th.

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.