272 Capital LP increased its holdings in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 753.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 128,071 shares of the company's stock after purchasing an additional 113,071 shares during the quarter. 272 Capital LP owned approximately 0.11% of Ecovyst worth $877,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Quarry LP increased its position in shares of Ecovyst by 61.2% during the 2nd quarter. Quarry LP now owns 4,533 shares of the company's stock worth $41,000 after purchasing an additional 1,721 shares during the last quarter. Innealta Capital LLC acquired a new position in Ecovyst during the second quarter worth $35,000. CWM LLC increased its holdings in Ecovyst by 6,920.7% during the second quarter. CWM LLC now owns 4,072 shares of the company's stock worth $37,000 after buying an additional 4,014 shares during the last quarter. Arizona State Retirement System raised its position in Ecovyst by 14.0% during the second quarter. Arizona State Retirement System now owns 32,751 shares of the company's stock worth $294,000 after acquiring an additional 4,031 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Ecovyst by 19.8% in the second quarter. The Manufacturers Life Insurance Company now owns 59,633 shares of the company's stock valued at $535,000 after acquiring an additional 9,840 shares during the last quarter. Institutional investors own 86.69% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on ECVT. BMO Capital Markets boosted their price objective on shares of Ecovyst from $9.00 to $10.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. BWS Financial reissued a "buy" rating and set a $12.00 price target on shares of Ecovyst in a research report on Wednesday, December 4th.
Check Out Our Latest Analysis on ECVT
Ecovyst Stock Performance
Shares of NYSE ECVT traded down $0.09 during mid-day trading on Friday, reaching $7.48. 622,329 shares of the company were exchanged, compared to its average volume of 873,300. The stock has a market capitalization of $871.49 million, a P/E ratio of 16.24, a P/E/G ratio of 1.73 and a beta of 1.06. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. The company's 50-day simple moving average is $7.41 and its 200-day simple moving average is $7.79. Ecovyst Inc. has a twelve month low of $6.02 and a twelve month high of $11.35.
Ecovyst Company Profile
(
Free Report)
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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