Corton Capital Inc. Purchases Shares of 37,492 Ecovyst Inc. (NYSE:ECVT)

Corton Capital Inc. acquired a new stake in Ecovyst Inc. (NYSE:ECVT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 37,492 shares of the company’s stock, valued at approximately $286,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Spire Wealth Management lifted its stake in Ecovyst by 72.9% in the fourth quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock worth $34,000 after acquiring an additional 1,896 shares during the last quarter. Bridgefront Capital LLC acquired a new stake in shares of Ecovyst in the 4th quarter valued at $81,000. Cibc World Markets Corp purchased a new stake in shares of Ecovyst during the 4th quarter worth $83,000. Quarry LP grew its stake in shares of Ecovyst by 485.0% during the fourth quarter. Quarry LP now owns 13,724 shares of the company’s stock worth $105,000 after purchasing an additional 11,378 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Ecovyst in the fourth quarter valued at $119,000. 86.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on ECVT. BWS Financial reaffirmed a “buy” rating and set a $12.00 price target on shares of Ecovyst in a report on Monday. BMO Capital Markets lowered their price target on Ecovyst from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Monday, March 3rd.

Ecovyst Stock Performance

Shares of ECVT stock opened at $6.76 on Wednesday. Ecovyst Inc. has a 1 year low of $5.24 and a 1 year high of $9.96. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54. The firm has a market cap of $792.94 million, a price-to-earnings ratio of 14.69, a PEG ratio of 1.04 and a beta of 1.06. The stock’s 50-day moving average is $6.24 and its two-hundred day moving average is $7.21.

Ecovyst (NYSE:ECVT) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.04. The company had revenue of $162.20 million for the quarter, compared to analyst estimates of $168.43 million. Ecovyst had a return on equity of 7.07% and a net margin of 7.74%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 earnings per share. 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.