OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $3.70 Million in Ecovyst Inc. $ECVT

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Ecovyst Inc. (NYSE:ECVT) in the second quarter, Holdings Channel.com reports. The fund acquired 450,000 shares of the company’s stock, valued at approximately $3,704,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ECVT. CWM LLC raised its stake 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 during the period. Parkside Financial Bank & Trust increased its holdings in shares of Ecovyst by 1,769.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 6,152 shares of the company’s stock worth $51,000 after buying an additional 5,823 shares during the last quarter. AlphaQuest LLC raised its position in shares of Ecovyst by 60.1% during the 1st quarter. AlphaQuest LLC now owns 9,042 shares of the company’s stock valued at $56,000 after buying an additional 3,396 shares during the period. Jefferies Financial Group Inc. purchased a new stake in shares of Ecovyst during the 2nd quarter valued at approximately $101,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Ecovyst in the second quarter valued at approximately $129,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Ecovyst Price Performance

Ecovyst stock opened at $9.06 on Thursday. Ecovyst Inc. has a 12-month low of $5.24 and a 12-month high of $9.69. The stock has a market cap of $1.03 billion, a P/E ratio of -9.74, a price-to-earnings-growth ratio of 1.39 and a beta of 1.25. The company has a current ratio of 2.25, a quick ratio of 2.07 and a debt-to-equity ratio of 1.39. The company has a fifty day simple moving average of $8.50 and a 200-day simple moving average of $8.54.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wall Street Zen cut Ecovyst from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Deutsche Bank Aktiengesellschaft lowered their price target on Ecovyst from $14.00 to $11.00 and set a “buy” rating for the company in a report on Friday, November 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ecovyst in a research report on Wednesday, October 8th. KeyCorp dropped their price target on shares of Ecovyst from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Finally, BWS Financial restated a “buy” rating and issued a $12.00 price objective on shares of Ecovyst in a report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.40.

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.