150,600 Shares in Ecovyst Inc. $ECVT Bought by Squarepoint Ops LLC

Squarepoint Ops LLC acquired a new stake in shares of Ecovyst Inc. (NYSE:ECVT) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 150,600 shares of the company’s stock, valued at approximately $1,239,000. Squarepoint Ops LLC owned about 0.13% of Ecovyst as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. grew its position in shares of Ecovyst by 39.6% during the 1st quarter. American Century Companies Inc. now owns 379,907 shares of the company’s stock valued at $2,355,000 after acquiring an additional 107,761 shares during the period. EP Wealth Advisors LLC lifted its position in Ecovyst by 29.5% during the first quarter. EP Wealth Advisors LLC now owns 39,599 shares of the company’s stock valued at $246,000 after purchasing an additional 9,032 shares in the last quarter. Nuveen LLC purchased a new position in Ecovyst during the first quarter valued at $5,448,000. Ballast Asset Management LP grew its holdings in Ecovyst by 14.4% during the second quarter. Ballast Asset Management LP now owns 555,373 shares of the company’s stock valued at $4,571,000 after purchasing an additional 69,786 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Ecovyst in the second quarter worth about $465,000. Institutional investors own 86.69% of the company’s stock.

Ecovyst Stock Up 0.6%

Shares of ECVT stock opened at $9.59 on Friday. The company’s fifty day simple moving average is $8.63 and its two-hundred day simple moving average is $8.63. Ecovyst Inc. has a 52 week low of $5.24 and a 52 week high of $9.69. The stock has a market cap of $1.09 billion, a P/E ratio of -10.32, a PEG ratio of 1.52 and a beta of 1.25. The company has a quick ratio of 2.07, a current ratio of 2.25 and a debt-to-equity ratio of 1.39.

Ecovyst (NYSE:ECVT) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The firm had revenue of $204.91 million for the quarter, compared to analysts’ expectations of $204.74 million. Ecovyst had a negative net margin of 14.34% and a positive return on equity of 8.93%. Analysts predict that Ecovyst Inc. will post 0.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ECVT has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ecovyst in a research report on Wednesday, October 8th. BWS Financial restated a “buy” rating and set a $12.00 target price on shares of Ecovyst in a research note on Monday, November 10th. KeyCorp dropped their price target on shares of Ecovyst from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Citigroup increased their price objective on shares of Ecovyst from $8.50 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Wall Street Zen cut shares of Ecovyst from a “buy” rating to a “hold” rating in a research note on Sunday. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.60.

About Ecovyst

Ecovyst Inc is a global specialty chemicals company that develops, manufactures and markets performance-enhancing products for industrial applications. The company’s core offerings include catalysts, phosphorus-based additives and barium carbonate materials, all designed to improve process efficiency, product quality and environmental performance. Ecovyst serves a diverse customer base in the energy, refining, chemical, polymer, food and consumer goods industries.

The company’s Catalysts segment supplies fluid catalytic cracking (FCC) and hydroprocessing catalysts that help petroleum refiners maximize fuel yield, reduce sulfur emissions and meet increasingly stringent environmental standards.