Charles Schwab Investment Management Inc. grew its position in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 15.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,704,331 shares of the company's stock after acquiring an additional 230,351 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.46% of Ecovyst worth $11,675,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Innealta Capital LLC bought a new stake in Ecovyst in the second quarter worth $35,000. CWM LLC grew its holdings in Ecovyst by 6,920.7% during the 2nd quarter. CWM LLC now owns 4,072 shares of the company's stock valued at $37,000 after purchasing an additional 4,014 shares during the last quarter. Quarry LP raised its position in Ecovyst by 61.2% in 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 period. SG Americas Securities LLC bought a new stake in Ecovyst in the second quarter worth about $95,000. Finally, Algert Global LLC purchased a new position in shares of Ecovyst during the second quarter valued at approximately $106,000. 86.69% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on ECVT shares. BWS Financial reissued a "buy" rating and set a $12.00 price target on shares of Ecovyst in a research note on Wednesday, December 4th. BMO Capital Markets increased their target price on shares of Ecovyst from $9.00 to $10.00 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd.
View Our Latest Research Report on Ecovyst
Ecovyst Stock Down 1.9 %
NYSE:ECVT traded down $0.15 during midday trading on Monday, reaching $7.91. 807,630 shares of the stock traded hands, compared to its average volume of 877,861. Ecovyst Inc. has a 12-month low of $6.02 and a 12-month high of $11.35. The business has a 50-day moving average of $7.33 and a two-hundred day moving average of $7.81. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54. The stock has a market capitalization of $921.59 million, a PE ratio of 17.52, a price-to-earnings-growth ratio of 1.80 and a beta of 1.06.
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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