Quarry LP Acquires 1,721 Shares of Ecovyst Inc. (NYSE:ECVT)

Quarry LP grew its position in shares of Ecovyst Inc. (NYSE:ECVT) by 61.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,533 shares of the company’s stock after buying an additional 1,721 shares during the quarter. Quarry LP’s holdings in Ecovyst were worth $41,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of ECVT. Brigade Capital Management LP grew its stake in Ecovyst by 15.6% in the 4th quarter. Brigade Capital Management LP now owns 917,000 shares of the company’s stock valued at $8,959,000 after buying an additional 124,000 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Ecovyst by 1.0% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 6,661,635 shares of the company’s stock valued at $65,084,000 after acquiring an additional 66,310 shares during the last quarter. Grizzlyrock Capital LLC bought a new position in shares of Ecovyst during the fourth quarter valued at about $4,895,000. Paragon Associates & Paragon Associates II Joint Venture raised its stake in shares of Ecovyst by 200.0% during the fourth quarter. Paragon Associates & Paragon Associates II Joint Venture now owns 300,000 shares of the company’s stock valued at $2,931,000 after acquiring an additional 200,000 shares during the last quarter. Finally, Confluence Investment Management LLC purchased a new position in shares of Ecovyst during the first quarter valued at about $3,581,000. Institutional investors own 86.69% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ECVT. KeyCorp cut their price objective on shares of Ecovyst from $13.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Citigroup dropped their price target on shares of Ecovyst from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Finally, BWS Financial lowered their target price on shares of Ecovyst from $18.00 to $12.00 and set a “buy” rating on the stock in a research note on Monday, August 5th.

Ecovyst Price Performance

Shares of ECVT opened at $6.66 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.18 and a current ratio of 2.72. The stock has a market capitalization of $779.25 million, a PE ratio of 10.57, a PEG ratio of 1.23 and a beta of 1.01. The company has a 50 day moving average price of $6.89 and a 200-day moving average price of $8.70. Ecovyst Inc. has a fifty-two week low of $6.02 and a fifty-two week high of $11.35.

Ecovyst (NYSE:ECVT) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Ecovyst had a return on equity of 7.88% and a net margin of 8.14%. The business had revenue of $182.80 million during the quarter, compared to analyst estimates of $189.79 million. During the same quarter in the previous year, the company earned $0.26 EPS. The firm’s revenue was down .7% compared to the same quarter last year. Equities analysts predict that Ecovyst Inc. will post 0.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Ecovyst

In other Ecovyst news, insider Paul Whittleston purchased 7,800 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average cost of $6.50 per share, with a total value of $50,700.00. Following the completion of the purchase, the insider now owns 57,542 shares in the company, valued at approximately $374,023. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other Ecovyst news, insider Paul Whittleston acquired 7,800 shares of the stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average price of $6.50 per share, with a total value of $50,700.00. Following the completion of the purchase, the insider now owns 57,542 shares in the company, valued at $374,023. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph S. Koscinski purchased 4,807 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $6.26 per share, with a total value of $30,091.82. Following the purchase, the insider now directly owns 544,609 shares of the company’s stock, valued at $3,409,252.34. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.59% of the company’s stock.

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.