Voss Capital LP Makes New Investment in Ecovyst Inc. (NYSE:ECVT)

Voss Capital LP bought a new position in Ecovyst Inc. (NYSE:ECVT) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 519,682 shares of the company’s stock, valued at approximately $3,970,000. Voss Capital LP owned about 0.45% of Ecovyst as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ECVT. Medina Value Partners LLC lifted its holdings in shares of Ecovyst by 44.2% in the 4th quarter. Medina Value Partners LLC now owns 2,742,233 shares of the company’s stock worth $20,951,000 after acquiring an additional 840,495 shares during the last quarter. Boston Partners raised its position in shares of Ecovyst by 30.2% in the 4th quarter. Boston Partners now owns 2,401,811 shares of the company’s stock valued at $18,405,000 after purchasing an additional 557,249 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Ecovyst in the fourth quarter valued at $2,706,000. Harbor Capital Advisors Inc. grew its stake in Ecovyst by 13.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 2,000,444 shares of the company’s stock valued at $15,283,000 after acquiring an additional 244,081 shares during the period. Finally, First Trust Advisors LP increased its stake in Ecovyst by 51.6% during the 4th quarter. First Trust Advisors LP now owns 607,257 shares of the company’s stock worth $4,639,000 after buying an additional 206,643 shares in the last quarter. Institutional investors own 86.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ECVT. BWS Financial reiterated a “buy” rating and issued a $12.00 price objective on shares of Ecovyst in a research note on Friday, February 28th. BMO Capital Markets decreased 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.

Ecovyst Stock Performance

Shares of ECVT opened at $5.88 on Monday. The company’s 50 day simple moving average is $6.72 and its 200-day simple moving average is $7.26. The firm has a market cap of $689.76 million, a PE ratio of 12.77, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02. Ecovyst Inc. has a 12-month low of $5.24 and a 12-month high of $10.57. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17.

About Ecovyst

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.