Bailard Inc. Invests $184,000 in Ecovyst Inc. (NYSE:ECVT)

Bailard Inc. purchased a new position in shares of Ecovyst Inc. (NYSE:ECVT) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 18,800 shares of the company’s stock, valued at approximately $184,000.

A number of other hedge funds have also recently added to or reduced their stakes in ECVT. Bank of New York Mellon Corp lifted its holdings in Ecovyst by 4.3% in the third quarter. Bank of New York Mellon Corp now owns 407,861 shares of the company’s stock valued at $4,013,000 after acquiring an additional 16,734 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Ecovyst by 35.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,437 shares of the company’s stock valued at $201,000 after purchasing an additional 5,334 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Ecovyst by 17.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,014 shares of the company’s stock valued at $413,000 after purchasing an additional 6,131 shares during the period. Principal Financial Group Inc. boosted its holdings in Ecovyst by 27.6% during the third quarter. Principal Financial Group Inc. now owns 13,217 shares of the company’s stock worth $130,000 after buying an additional 2,856 shares in the last quarter. Finally, LSV Asset Management grew its position in Ecovyst by 4.8% during the third quarter. LSV Asset Management now owns 722,300 shares of the company’s stock worth $7,107,000 after buying an additional 33,200 shares during the period. Institutional investors and hedge funds own 86.69% of the company’s stock.

Analyst Ratings Changes

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

Ecovyst Trading Up 0.4 %

Shares of ECVT stock opened at $9.95 on Tuesday. Ecovyst Inc. has a fifty-two week low of $8.26 and a fifty-two week high of $12.35. 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 business has a fifty day simple moving average of $9.97 and a 200-day simple moving average of $9.61. The stock has a market cap of $1.16 billion, a P/E ratio of 16.31, a P/E/G ratio of 0.51 and a beta of 1.01.

Ecovyst (NYSE:ECVT) last announced its earnings results on Wednesday, February 28th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Ecovyst had a return on equity of 11.08% and a net margin of 10.30%. The business had revenue of $172.80 million for the quarter, compared to analyst estimates of $168.31 million. During the same quarter in the previous year, the firm posted $0.23 EPS. The business’s revenue was down 5.5% on a year-over-year basis. On average, analysts forecast that Ecovyst Inc. will post 0.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ecovyst news, Director Susan F. Ward sold 24,436 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $10.28, for a total transaction of $251,202.08. Following the sale, the director now owns 67,587 shares in the company, valued at approximately $694,794.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.59% of the company’s stock.

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.