SG Americas Securities LLC Invests $150,000 in Ecovyst Inc. (NYSE:ECVT)

SG Americas Securities LLC acquired a new position in Ecovyst Inc. (NYSE:ECVT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,332 shares of the company’s stock, valued at approximately $150,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ECVT. Clear Street Markets LLC purchased a new stake in shares of Ecovyst in the 4th quarter worth $29,000. US Bancorp DE bought a new stake in Ecovyst during the second quarter valued at about $38,000. Tower Research Capital LLC TRC increased its position in Ecovyst by 34.0% in the third quarter. Tower Research Capital LLC TRC now owns 4,793 shares of the company’s stock worth $47,000 after buying an additional 1,216 shares in the last quarter. State of Wyoming bought a new position in shares of Ecovyst in the fourth quarter worth about $52,000. Finally, Point72 Middle East FZE purchased a new position in shares of Ecovyst during the 4th quarter valued at about $64,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Ecovyst Price Performance

Shares of Ecovyst stock opened at $9.93 on Wednesday. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 0.53 and a beta of 1.01. The company has a quick ratio of 1.69, a current ratio of 2.07 and a debt-to-equity ratio of 1.22. The stock’s 50-day simple moving average is $9.90 and its 200-day simple moving average is $9.60. Ecovyst Inc. has a 52 week low of $8.26 and a 52 week high of $12.35.

Ecovyst (NYSE:ECVT) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $172.80 million during the quarter, compared to the consensus estimate of $168.31 million. Ecovyst had a return on equity of 11.08% and a net margin of 10.30%. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 earnings per share. As a group, analysts expect that Ecovyst Inc. will post 0.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Citigroup increased their target price on shares of Ecovyst from $11.50 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th.

Insider Buying and Selling at Ecovyst

In other Ecovyst news, Director Susan F. Ward sold 24,436 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $10.28, for a total transaction of $251,202.08. Following the completion of the transaction, the director now owns 67,587 shares of the company’s stock, valued at approximately $694,794.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.08% of the stock is currently owned by insiders.

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.