SG Americas Securities LLC Grows Position in Ecovyst Inc. (NYSE:ECVT)

SG Americas Securities LLC boosted its holdings in Ecovyst Inc. (NYSE:ECVT) by 179.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 29,516 shares of the company’s stock after acquiring an additional 18,959 shares during the quarter. SG Americas Securities LLC’s holdings in Ecovyst were worth $202,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ECVT. Innealta Capital LLC purchased a new position in shares of Ecovyst in the second quarter valued at $35,000. CWM LLC increased 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 buying an additional 4,014 shares in the last quarter. Quarry LP increased its position in shares of Ecovyst by 61.2% in the second quarter. Quarry LP now owns 4,533 shares of the company’s stock valued at $41,000 after buying an additional 1,721 shares in the last quarter. Algert Global LLC purchased a new position in shares of Ecovyst in the second quarter valued at $106,000. Finally, Paloma Partners Management Co purchased a new position in shares of Ecovyst in the first quarter valued at $114,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Ecovyst Stock Down 1.7 %

ECVT opened at $6.33 on Wednesday. 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 has a market cap of $737.26 million, a P/E ratio of 13.21, a PEG ratio of 1.17 and a beta of 1.01. Ecovyst Inc. has a 52 week low of $6.02 and a 52 week high of $11.35. The business’s fifty day simple moving average is $6.71 and its 200 day simple moving average is $8.36.

Ecovyst (NYSE:ECVT) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The company had revenue of $182.80 million for the quarter, compared to analyst estimates of $189.79 million. Ecovyst had a net margin of 8.14% and a return on equity of 7.88%. The firm’s revenue was down .7% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 EPS. As a group, equities research analysts anticipate that Ecovyst Inc. will post 0.46 EPS for the current fiscal year.

Insider Activity at Ecovyst

In other Ecovyst news, insider Paul Whittleston purchased 7,800 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were purchased at an average cost of $6.50 per share, with a total value of $50,700.00. Following the purchase, the insider now owns 57,542 shares in the company, valued at approximately $374,023. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Ecovyst news, insider Joseph S. Koscinski purchased 4,807 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $6.26 per share, with a total value of $30,091.82. Following the purchase, the insider now owns 544,609 shares in the company, valued at approximately $3,409,252.34. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Paul Whittleston purchased 7,800 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was acquired at an average cost of $6.50 per share, for a total transaction of $50,700.00. Following the completion of the purchase, the insider now owns 57,542 shares in the company, valued at $374,023. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.59% of the company’s stock.

Analyst Ratings Changes

ECVT has been the subject of a number of research analyst reports. KeyCorp dropped their price target on Ecovyst from $13.00 to $10.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. BWS Financial dropped their price target on Ecovyst from $18.00 to $12.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Finally, Citigroup decreased their price objective on Ecovyst from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, July 12th.

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.