Fox Run Management L.L.C. purchased a new position in shares of Ecovyst Inc. (NYSE:ECVT – Free Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 23,064 shares of the company’s stock, valued at approximately $176,000.
A number of other institutional investors have also modified their holdings of the company. Intech Investment Management LLC acquired a new stake in Ecovyst during the third quarter worth approximately $184,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ecovyst by 15.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,704,331 shares of the company’s stock worth $11,675,000 after purchasing an additional 230,351 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of Ecovyst in the third quarter valued at $86,000. 272 Capital LP increased its stake in Ecovyst by 753.8% in the third quarter. 272 Capital LP now owns 128,071 shares of the company’s stock valued at $877,000 after purchasing an additional 113,071 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new position in Ecovyst in the third quarter valued at $247,000. Institutional investors and hedge funds own 86.69% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have commented on ECVT shares. BMO Capital Markets lowered their price target on Ecovyst from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Citigroup upped their price target on shares of Ecovyst from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, BWS Financial reaffirmed a “buy” rating and set a $12.00 price target on shares of Ecovyst in a research note on Friday, February 28th.
Ecovyst Stock Down 3.6 %
Shares of NYSE:ECVT opened at $6.31 on Friday. The stock has a 50-day simple moving average of $7.41 and a 200-day simple moving average of $7.34. The stock has a market capitalization of $740.00 million, a P/E ratio of 13.71, a PEG ratio of 1.04 and a beta of 1.04. Ecovyst Inc. has a 1 year low of $6.02 and a 1 year high of $11.21. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54.
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.
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