SG Americas Securities LLC Invests $95,000 in Ecovyst Inc. (NYSE:ECVT)

SG Americas Securities LLC bought a new stake in shares of Ecovyst Inc. (NYSE:ECVT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,557 shares of the company’s stock, valued at approximately $95,000.

Other hedge funds also recently bought and sold shares of the company. CWM LLC lifted its position in shares of Ecovyst by 6,920.7% in the second quarter. CWM LLC now owns 4,072 shares of the company’s stock valued at $37,000 after acquiring an additional 4,014 shares in the last quarter. Quest Partners LLC purchased a new position in Ecovyst in the 4th quarter worth approximately $78,000. Paloma Partners Management Co purchased a new stake in Ecovyst during the 1st quarter valued at approximately $114,000. ProShare Advisors LLC raised its position in shares of Ecovyst by 8.5% during the first quarter. ProShare Advisors LLC now owns 16,635 shares of the company’s stock valued at $185,000 after buying an additional 1,308 shares during the last quarter. Finally, Bailard Inc. purchased a new position in shares of Ecovyst in the fourth quarter worth $184,000. Institutional investors own 86.69% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Citigroup cut their target price on shares of Ecovyst from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, July 12th. KeyCorp reduced their target price on Ecovyst from $13.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Finally, BWS Financial decreased their target price on Ecovyst from $18.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, August 5th.

Ecovyst Price Performance

Ecovyst stock opened at $6.90 on Tuesday. Ecovyst Inc. has a 52-week low of $6.02 and a 52-week high of $11.35. The company has a quick ratio of 2.18, a current ratio of 2.72 and a debt-to-equity ratio of 1.19. The firm’s fifty day moving average is $8.32 and its 200 day moving average is $9.24. The company has a market cap of $806.75 million, a price-to-earnings ratio of 10.94, a PEG ratio of 0.53 and a beta of 1.05.

Ecovyst (NYSE:ECVT) last posted its earnings results on Thursday, August 1st. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The business had revenue of $182.80 million during the quarter, compared to the consensus estimate of $189.79 million. Ecovyst had a return on equity of 7.88% and a net margin of 8.14%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 earnings per share. Sell-side analysts forecast that Ecovyst Inc. will post 0.56 EPS for the current fiscal year.

Insider Activity

In related news, insider Paul Whittleston purchased 7,800 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average price of $6.50 per share, for a total transaction of $50,700.00. Following the acquisition, the insider now owns 57,542 shares of the company’s stock, valued at approximately $374,023. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Ecovyst news, insider Joseph S. Koscinski bought 4,807 shares of the company’s stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $6.26 per share, for a total transaction of $30,091.82. Following the completion of the transaction, the insider now directly owns 544,609 shares of the company’s stock, valued at $3,409,252.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paul Whittleston purchased 7,800 shares of Ecovyst stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average price of $6.50 per share, for a total transaction of $50,700.00. Following the completion of the acquisition, the insider now owns 57,542 shares of the company’s stock, valued at approximately $374,023. The disclosure for this purchase can be found here. Corporate insiders own 1.59% of the company’s stock.

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.