Easterly Investment Partners LLC Acquires 12,570 Shares of Ecovyst Inc. $ECVT

Easterly Investment Partners LLC grew its holdings in shares of Ecovyst Inc. (NYSE:ECVT) by 8.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 167,866 shares of the company’s stock after acquiring an additional 12,570 shares during the period. Easterly Investment Partners LLC owned about 0.14% of Ecovyst worth $1,382,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Nuveen LLC bought a new position in Ecovyst during the first quarter worth $5,448,000. Voss Capital LP raised its stake in Ecovyst by 130.7% during the first quarter. Voss Capital LP now owns 1,198,981 shares of the company’s stock worth $7,434,000 after buying an additional 679,299 shares during the last quarter. Trexquant Investment LP bought a new position in Ecovyst during the first quarter worth $2,004,000. Nexpoint Asset Management L.P. raised its stake in Ecovyst by 977.3% during the first quarter. Nexpoint Asset Management L.P. now owns 287,687 shares of the company’s stock worth $1,784,000 after buying an additional 260,982 shares during the last quarter. Finally, First Wilshire Securities Management Inc. raised its stake in Ecovyst by 12.6% during the first quarter. First Wilshire Securities Management Inc. now owns 2,219,462 shares of the company’s stock worth $13,761,000 after buying an additional 247,794 shares during the last quarter. Institutional investors own 86.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ECVT. Wall Street Zen raised shares of Ecovyst from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. BMO Capital Markets lifted their target price on shares of Ecovyst from $10.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. BWS Financial reissued a “buy” rating and set a $12.00 target price on shares of Ecovyst in a research note on Monday, August 11th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Ecovyst in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ecovyst presently has an average rating of “Moderate Buy” and an average target price of $11.67.

Ecovyst Trading Down 1.1%

NYSE:ECVT opened at $8.10 on Friday. The company has a current ratio of 2.25, a quick ratio of 1.69 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $926.80 million, a price-to-earnings ratio of -67.50, a PEG ratio of 3.66 and a beta of 1.20. The firm has a fifty day simple moving average of $8.83 and a two-hundred day simple moving average of $7.95. Ecovyst Inc. has a 12 month low of $5.24 and a 12 month high of $9.69.

Ecovyst (NYSE:ECVT) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. The business had revenue of $200.10 million during the quarter, compared to analysts’ expectations of $204.27 million. Ecovyst had a negative net margin of 1.91% and a positive return on equity of 7.69%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the company posted $0.12 earnings per share. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. Analysts expect that Ecovyst Inc. will post 0.44 EPS for the current fiscal 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.