AlphaQuest LLC Grows Stock Position in Ecovyst Inc. $ECVT

AlphaQuest LLC boosted its position in Ecovyst Inc. (NYSE:ECVT) by 869.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 87,669 shares of the company’s stock after buying an additional 78,627 shares during the period. AlphaQuest LLC’s holdings in Ecovyst were worth $768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new stake in shares of Ecovyst in the 3rd quarter worth $48,000. CWM LLC raised its holdings in Ecovyst by 63.0% during the second quarter. CWM LLC now owns 5,946 shares of the company’s stock worth $49,000 after purchasing an additional 2,298 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Ecovyst by 1,769.9% in the second quarter. Parkside Financial Bank & Trust now owns 6,152 shares of the company’s stock valued at $51,000 after purchasing an additional 5,823 shares during the period. Jefferies Financial Group Inc. purchased a new stake in Ecovyst in the 2nd quarter valued at approximately $101,000. Finally, Praxis Investment Management Inc. acquired a new position in Ecovyst during the 3rd quarter worth approximately $107,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Ecovyst Trading Up 2.2%

Shares of ECVT stock opened at $11.03 on Wednesday. The stock has a market cap of $1.26 billion, a P/E ratio of -11.85, a P/E/G ratio of 1.39 and a beta of 1.20. The company has a quick ratio of 2.07, a current ratio of 2.25 and a debt-to-equity ratio of 1.39. Ecovyst Inc. has a fifty-two week low of $5.24 and a fifty-two week high of $11.31. The business has a fifty day simple moving average of $9.94 and a 200-day simple moving average of $9.11.

Ecovyst (NYSE:ECVT) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). Ecovyst had a positive return on equity of 8.93% and a negative net margin of 14.34%.The business had revenue of $204.91 million during the quarter, compared to analysts’ expectations of $204.74 million. On average, analysts forecast that Ecovyst Inc. will post 0.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on ECVT shares. Wall Street Zen cut Ecovyst from a “buy” rating to a “hold” rating in a report on Sunday, December 21st. Citigroup increased their price objective on Ecovyst from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 21st. Weiss Ratings restated a “sell (d)” rating on shares of Ecovyst in a research report on Wednesday, January 21st. BWS Financial reaffirmed a “buy” rating and set a $12.00 price target on shares of Ecovyst in a research note on Friday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Ecovyst from $14.00 to $11.00 and set a “buy” rating for the company in a report on Friday, November 28th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

About Ecovyst

Ecovyst Inc is a global specialty chemicals company that develops, manufactures and markets performance-enhancing products for industrial applications. The company’s core offerings include catalysts, phosphorus-based additives and barium carbonate materials, all designed to improve process efficiency, product quality and environmental performance. Ecovyst serves a diverse customer base in the energy, refining, chemical, polymer, food and consumer goods industries.

The company’s Catalysts segment supplies fluid catalytic cracking (FCC) and hydroprocessing catalysts that help petroleum refiners maximize fuel yield, reduce sulfur emissions and meet increasingly stringent environmental standards.