272 Capital LP grew its stake in Ecovyst Inc. (NYSE:ECVT - Free Report) by 753.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 128,071 shares of the company's stock after buying an additional 113,071 shares during the period. 272 Capital LP owned 0.11% of Ecovyst worth $877,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Capstone Investment Advisors LLC acquired a new stake in Ecovyst during the 3rd quarter valued at approximately $86,000. Charles Schwab Investment Management Inc. increased its position 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 buying an additional 230,351 shares during the period. Thompson Siegel & Walmsley LLC increased its position in shares of Ecovyst by 26.7% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,192,113 shares of the company's stock worth $15,016,000 after buying an additional 462,317 shares during the period. Intech Investment Management LLC bought a new position in Ecovyst during the third quarter worth $184,000. Finally, Quest Partners LLC acquired a new position in Ecovyst in the third quarter valued at $337,000. 86.69% of the stock is currently owned by institutional investors.
Ecovyst Stock Performance
ECVT remained flat at $7.95 during mid-day trading on Friday. 486,465 shares of the company's stock were exchanged, compared to its average volume of 958,235. Ecovyst Inc. has a 1 year low of $6.02 and a 1 year high of $11.35. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06. The stock has a market capitalization of $926.25 million, a PE ratio of 17.28, a PEG ratio of 1.78 and a beta of 1.01. The business has a 50-day moving average of $7.18 and a 200 day moving average of $7.88.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on ECVT. BMO Capital Markets decreased their price target on Ecovyst from $11.00 to $9.00 and set an "outperform" rating for the company in a report on Friday, November 1st. BWS Financial reaffirmed a "buy" rating and set a $12.00 target price on shares of Ecovyst in a research note on Friday, November 1st. Finally, KeyCorp dropped their price target on Ecovyst from $13.00 to $10.00 and set an "overweight" rating on the stock in a research note on Monday, August 5th.
Check Out Our Latest Stock Analysis on Ecovyst
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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