Ballast Asset Management LP Has $4.57 Million Position in Ecovyst Inc. $ECVT

Ballast Asset Management LP grew its stake in Ecovyst Inc. (NYSE:ECVT) by 14.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 555,373 shares of the company’s stock after buying an additional 69,786 shares during the period. Ecovyst accounts for about 2.4% of Ballast Asset Management LP’s holdings, making the stock its 11th biggest holding. Ballast Asset Management LP owned 0.49% of Ecovyst worth $4,571,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ECVT. CWM LLC increased its position in Ecovyst by 63.0% during the 2nd quarter. CWM LLC now owns 5,946 shares of the company’s stock valued at $49,000 after purchasing an additional 2,298 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Ecovyst by 1,769.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 6,152 shares of the company’s stock worth $51,000 after purchasing an additional 5,823 shares during the period. AlphaQuest LLC boosted its stake in shares of Ecovyst by 60.1% in the 1st quarter. AlphaQuest LLC now owns 9,042 shares of the company’s stock valued at $56,000 after purchasing an additional 3,396 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Ecovyst during the first quarter worth $78,000. Finally, Jefferies Financial Group Inc. bought a new position in Ecovyst during the second quarter worth $101,000. 86.69% of the stock is currently owned by institutional investors.

Ecovyst Stock Up 0.8%

Ecovyst stock opened at $9.20 on Monday. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -9.89, a price-to-earnings-growth ratio of 5.79 and a beta of 1.25. The firm’s fifty day moving average price is $8.48 and its two-hundred day moving average price is $8.47. Ecovyst Inc. has a 1-year low of $5.24 and a 1-year high of $9.69. The company has a current ratio of 2.25, a quick ratio of 2.07 and a debt-to-equity ratio of 1.39.

Ecovyst (NYSE:ECVT) last posted its earnings results on Tuesday, November 4th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). Ecovyst had a positive return on equity of 8.93% and a negative net margin of 14.34%.The business had revenue of $204.91 million for the quarter, compared to the consensus estimate of $204.74 million. Ecovyst has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Ecovyst Inc. will post 0.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. BWS Financial reaffirmed a “buy” rating and set a $12.00 price target on shares of Ecovyst in a research report on Monday, November 10th. BMO Capital Markets upped their target price on Ecovyst from $10.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. KeyCorp decreased their target price on Ecovyst from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Wall Street Zen lowered Ecovyst from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Ecovyst in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $11.40.

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.