SG Americas Securities LLC Raises Stock Position in Ecovyst Inc. (NYSE:ECVT)

SG Americas Securities LLC grew its holdings in shares of Ecovyst Inc. (NYSE:ECVT) by 179.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,516 shares of the company’s stock after purchasing an additional 18,959 shares during the period. SG Americas Securities LLC’s holdings in Ecovyst were worth $202,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. ProShare Advisors LLC increased its stake in Ecovyst by 8.5% during the first quarter. ProShare Advisors LLC now owns 16,635 shares of the company’s stock worth $185,000 after purchasing an additional 1,308 shares during the period. Quarry LP grew its position in shares of Ecovyst by 61.2% during the second quarter. Quarry LP now owns 4,533 shares of the company’s stock worth $41,000 after buying an additional 1,721 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Ecovyst by 6.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 52,598 shares of the company’s stock worth $587,000 after buying an additional 3,353 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Ecovyst during the second quarter worth about $35,000. Finally, CWM LLC grew its position in shares of Ecovyst by 6,920.7% during the second quarter. CWM LLC now owns 4,072 shares of the company’s stock worth $37,000 after buying an additional 4,014 shares in the last quarter. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Ecovyst Price Performance

ECVT stock opened at $6.33 on Wednesday. The company has a market capitalization of $737.26 million, a P/E ratio of 13.21, a PEG ratio of 1.17 and a beta of 1.01. Ecovyst Inc. has a twelve month low of $6.02 and a twelve month high of $11.35. The business has a 50 day simple moving average of $6.71 and a 200-day simple moving average of $8.36. The company has a current ratio of 2.72, a quick ratio of 2.18 and a debt-to-equity ratio of 1.19.

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

Insider Activity

In related news, insider Paul Whittleston purchased 7,800 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average price of $6.50 per share, for a total transaction of $50,700.00. Following the completion of the purchase, the insider now directly owns 57,542 shares of the company’s stock, valued at $374,023. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Joseph S. Koscinski purchased 4,807 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of $6.26 per share, for a total transaction of $30,091.82. Following the completion of the purchase, the insider now directly owns 544,609 shares of the company’s stock, valued at $3,409,252.34. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul Whittleston purchased 7,800 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were bought at an average price of $6.50 per share, with a total value of $50,700.00. Following the purchase, the insider now directly owns 57,542 shares of the company’s stock, valued at approximately $374,023. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate 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.