Shay Capital LLC Makes New Investment in Ecovyst Inc. (NYSE:ECVT)

Shay Capital LLC acquired a new position in Ecovyst Inc. (NYSE:ECVT) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 101,745 shares of the company’s stock, valued at approximately $777,000.

Other large investors also recently bought and sold shares of the company. Spire Wealth Management raised its position in Ecovyst by 72.9% during 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 period. Deerfield Management Company L.P. Series C acquired a new stake in shares of Ecovyst in the 4th quarter worth $79,000. Bridgefront Capital LLC purchased a new position in Ecovyst during the fourth quarter worth about $81,000. Cibc World Markets Corp purchased a new stake in shares of Ecovyst in the 4th quarter valued at approximately $83,000. Finally, Quarry LP increased its stake in Ecovyst by 485.0% during the fourth quarter. Quarry LP now owns 13,724 shares of the company’s stock worth $105,000 after acquiring an additional 11,378 shares during the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ECVT shares. BWS Financial reiterated a “buy” rating and set a $12.00 price target on shares of Ecovyst in a research report on Monday, May 5th. BMO Capital Markets dropped their price target on shares of Ecovyst from $11.00 to $9.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd.

Ecovyst Stock Performance

NYSE:ECVT opened at $7.54 on Friday. The firm has a market capitalization of $885.20 million, a PE ratio of 16.39, a price-to-earnings-growth ratio of 1.04 and a beta of 1.06. 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 business’s fifty day moving average price is $6.31 and its 200 day moving average price is $7.25. Ecovyst Inc. has a 12 month low of $5.24 and a 12 month high of $9.92.

Ecovyst (NYSE:ECVT) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.04. The business had revenue of $162.20 million during the quarter, compared to the consensus estimate of $168.43 million. Ecovyst had a net margin of 7.74% and a return on equity of 7.07%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.04 EPS. On average, sell-side analysts anticipate that Ecovyst Inc. will post 0.44 earnings per share for the current fiscal year.

Ecovyst Company 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.