Y Intercept Hong Kong Ltd Takes Position in Ecovyst Inc. $ECVT

Y Intercept Hong Kong Ltd purchased a new position in shares of Ecovyst Inc. (NYSE:ECVT) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 226,182 shares of the company’s stock, valued at approximately $1,981,000.

A number of other institutional investors have also recently made changes to their positions in ECVT. Campbell & CO Investment Adviser LLC increased its position in shares of Ecovyst by 47.3% during the third quarter. Campbell & CO Investment Adviser LLC now owns 83,288 shares of the company’s stock worth $730,000 after acquiring an additional 26,764 shares during the period. State of Alaska Department of Revenue purchased a new stake in Ecovyst during the 3rd quarter worth about $48,000. Clear Harbor Asset Management LLC acquired a new stake in Ecovyst in the 3rd quarter valued at about $350,000. SG Americas Securities LLC purchased a new position in shares of Ecovyst in the 3rd quarter valued at about $279,000. Finally, KLP Kapitalforvaltning AS grew its position in shares of Ecovyst by 29.9% during the third quarter. KLP Kapitalforvaltning AS now owns 27,800 shares of the company’s stock worth $244,000 after buying an additional 6,400 shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

Ecovyst Stock Performance

NYSE ECVT opened at $10.73 on Thursday. The company has a current ratio of 2.25, a quick ratio of 2.07 and a debt-to-equity ratio of 1.39. The business’s 50 day moving average is $9.76 and its two-hundred day moving average is $9.05. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -11.53, a PEG ratio of 1.40 and a beta of 1.20. Ecovyst Inc. has a 12-month low of $5.24 and a 12-month high of $11.31.

Ecovyst (NYSE:ECVT) last issued 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). The company had revenue of $204.91 million for the quarter, compared to analysts’ expectations of $204.74 million. Ecovyst had a positive return on equity of 8.93% and a negative net margin of 14.34%. Research analysts expect that Ecovyst Inc. will post 0.44 EPS for the current year.

Analyst Ratings Changes

ECVT has been the topic of several analyst reports. Citigroup raised their target price on shares of Ecovyst from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, January 21st. Wall Street Zen downgraded Ecovyst from a “buy” rating to a “hold” rating in a report on Sunday, December 21st. BWS Financial reissued a “buy” rating and issued a $12.00 price target on shares of Ecovyst in a research report on Friday, January 2nd. Deutsche Bank Aktiengesellschaft cut their target price on Ecovyst from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Ecovyst in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Ecovyst Profile

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.