Hotchkis & Wiley Capital Management LLC Has $88.04 Million Stock Holdings in Ecovyst Inc. (NYSE:ECVT)

Hotchkis & Wiley Capital Management LLC grew its stake in Ecovyst Inc. (NYSE:ECVT) by 27.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,852,925 shares of the company’s stock after purchasing an additional 2,753,470 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 11.03% of Ecovyst worth $88,043,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its holdings in shares of Ecovyst by 84.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,756,363 shares of the company’s stock valued at $12,031,000 after acquiring an additional 805,128 shares in the last quarter. Foundry Partners LLC purchased a new position in shares of Ecovyst during the 2nd quarter worth $4,401,000. Thompson Siegel & Walmsley LLC lifted its holdings in Ecovyst by 26.7% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,192,113 shares of the company’s stock worth $15,016,000 after purchasing an additional 462,317 shares in the last quarter. Empowered Funds LLC purchased a new stake in Ecovyst in the third quarter worth $2,087,000. Finally, Sei Investments Co. boosted its stake in shares of Ecovyst by 57.1% during the second quarter. Sei Investments Co. now owns 818,770 shares of the company’s stock valued at $7,344,000 after purchasing an additional 297,594 shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

Ecovyst Price Performance

Shares of NYSE:ECVT opened at $8.62 on Tuesday. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 1.78 and a beta of 1.06. Ecovyst Inc. has a 12 month low of $6.02 and a 12 month high of $11.35. The stock’s 50 day moving average price is $7.18 and its 200 day moving average price is $7.87. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ECVT shares. KeyCorp decreased their price objective on shares of Ecovyst from $13.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. BWS Financial reaffirmed a “buy” rating and set a $12.00 price objective on shares of Ecovyst in a research report on Friday, November 1st. Finally, BMO Capital Markets decreased their target price on shares of Ecovyst from $11.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, November 1st.

Ecovyst 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.