Brevan Howard Capital Management LP Has $236,000 Holdings in Ecovyst Inc. (NYSE:ECVT)

Brevan Howard Capital Management LP decreased its position in Ecovyst Inc. (NYSE:ECVT) by 68.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,927 shares of the company’s stock after selling 66,402 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Ecovyst were worth $236,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ECVT. Spire Wealth Management lifted its stake in Ecovyst by 72.9% in the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock valued at $34,000 after acquiring an additional 1,896 shares in the last quarter. Bridgefront Capital LLC acquired a new stake in shares of Ecovyst in the fourth quarter valued at approximately $81,000. Cibc World Markets Corp bought a new stake in shares of Ecovyst in the fourth quarter worth $83,000. Quarry LP boosted its holdings in Ecovyst by 485.0% during the fourth quarter. Quarry LP now owns 13,724 shares of the company’s stock worth $105,000 after purchasing an additional 11,378 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in Ecovyst in the fourth quarter valued at $119,000. 86.69% of the stock is currently owned by institutional investors.

Ecovyst Stock Performance

Shares of ECVT opened at $7.20 on Monday. The company has a market cap of $845.29 million, a PE ratio of 15.65, a price-to-earnings-growth ratio of 1.04 and a beta of 1.06. The firm has a 50-day moving average of $6.26 and a 200-day moving average of $7.23. Ecovyst Inc. has a one year low of $5.24 and a one year high of $9.92. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06.

Ecovyst (NYSE:ECVT) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.04. Ecovyst had a return on equity of 7.07% and a net margin of 7.74%. The firm had revenue of $162.20 million for the quarter, compared to analyst estimates of $168.43 million. During the same quarter in the prior year, the company earned $0.04 earnings per share. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, equities analysts forecast that Ecovyst Inc. will post 0.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. BMO Capital Markets reduced their price objective on shares of Ecovyst from $11.00 to $9.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. BWS Financial reissued a “buy” rating and set a $12.00 price target on shares of Ecovyst in a research report on Monday, May 5th.

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.