Voss Capital LP Decreases Stock Holdings in Ecovyst Inc. $ECVT

Voss Capital LP decreased its stake in shares of Ecovyst Inc. (NYSE:ECVT) by 46.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 641,317 shares of the company’s stock after selling 557,664 shares during the period. Voss Capital LP’s holdings in Ecovyst were worth $5,278,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Boston Partners grew its position in Ecovyst by 321.1% in the 2nd quarter. Boston Partners now owns 3,242,285 shares of the company’s stock worth $26,785,000 after purchasing an additional 2,472,377 shares during the period. Nuveen LLC bought a new stake in shares of Ecovyst in the first quarter worth $5,448,000. Trexquant Investment LP bought a new stake in shares of Ecovyst in the first quarter worth $2,004,000. Nexpoint Asset Management L.P. increased its position in Ecovyst by 977.3% during the first quarter. Nexpoint Asset Management L.P. now owns 287,687 shares of the company’s stock valued at $1,784,000 after acquiring an additional 260,982 shares during the last quarter. Finally, First Wilshire Securities Management Inc. lifted its holdings in Ecovyst by 12.6% in the first quarter. First Wilshire Securities Management Inc. now owns 2,219,462 shares of the company’s stock valued at $13,761,000 after acquiring an additional 247,794 shares during the period. Institutional investors own 86.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ECVT shares. BMO Capital Markets boosted their price target on Ecovyst from $10.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Wall Street Zen downgraded shares of Ecovyst from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. KeyCorp cut their target price 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. BWS Financial reiterated a “buy” rating and issued a $12.00 price target on shares of Ecovyst in a research report on Monday, November 10th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Ecovyst from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $11.40.

Ecovyst Trading Up 2.5%

Ecovyst stock opened at $8.75 on Monday. Ecovyst Inc. has a 12-month low of $5.24 and a 12-month high of $9.69. The firm has a market capitalization of $997.10 million, a price-to-earnings ratio of -9.40, a P/E/G ratio of 1.39 and a beta of 1.25. The firm has a 50 day moving average of $8.49 and a 200 day moving average of $8.52. 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 issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate 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%. As a group, research analysts predict that Ecovyst Inc. will post 0.44 earnings per share 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.