American Century Companies Inc. Increases Position in Ecovyst Inc. $ECVT

American Century Companies Inc. increased its stake in Ecovyst Inc. (NYSE:ECVT) by 39.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 379,907 shares of the company’s stock after acquiring an additional 107,761 shares during the period. American Century Companies Inc. owned about 0.32% of Ecovyst worth $2,355,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in Ecovyst by 200.7% in the first quarter. Versant Capital Management Inc now owns 5,227 shares of the company’s stock worth $32,000 after acquiring an additional 3,489 shares in the last quarter. GAMMA Investing LLC lifted its stake in Ecovyst by 11,312.2% in the first quarter. GAMMA Investing LLC now owns 5,592 shares of the company’s stock worth $35,000 after purchasing an additional 5,543 shares during the last quarter. Deerfield Management Company L.P. Series C bought a new stake in Ecovyst in the fourth quarter worth $79,000. Bridgefront Capital LLC bought a new stake in Ecovyst in the fourth quarter worth $81,000. Finally, Royce & Associates LP bought a new stake in Ecovyst in the first quarter worth $73,000. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Wall Street Zen raised shares of Ecovyst from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. BWS Financial reissued a “buy” rating and issued a $12.00 price target on shares of Ecovyst in a research note on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Ecovyst presently has a consensus rating of “Buy” and an average target price of $10.00.

Ecovyst Stock Performance

Shares of NYSE:ECVT opened at $9.10 on Monday. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -75.79, a price-to-earnings-growth ratio of 0.69 and a beta of 1.24. The company has a 50-day moving average price of $8.66 and a 200-day moving average price of $7.54. The company has a current ratio of 2.25, a quick ratio of 1.69 and a debt-to-equity ratio of 1.22. Ecovyst Inc. has a 12 month low of $5.24 and a 12 month high of $9.31.

Ecovyst (NYSE:ECVT) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $200.10 million during the quarter, compared to the consensus estimate of $204.27 million. Ecovyst had a negative net margin of 1.91% and a positive return on equity of 7.69%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 earnings per share. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. As a group, equities analysts anticipate that Ecovyst Inc. will post 0.44 EPS for the current year.

Ecovyst Company 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.