AlphaQuest LLC Has $43,000 Stock Position in Ecovyst Inc. (NYSE:ECVT)

AlphaQuest LLC cut its holdings in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 88.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,646 shares of the company's stock after selling 43,538 shares during the period. AlphaQuest LLC's holdings in Ecovyst were worth $43,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ECVT. Raymond James Financial Inc. acquired a new position in shares of Ecovyst during the fourth quarter valued at $2,706,000. Proficio Capital Partners LLC bought a new stake in shares of Ecovyst during the fourth quarter worth approximately $139,000. Charles Schwab Investment Management Inc. boosted its stake in Ecovyst by 11.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,903,148 shares of the company's stock valued at $14,540,000 after acquiring an additional 198,817 shares during the last quarter. New York State Common Retirement Fund grew its holdings in Ecovyst by 31.7% during the 4th quarter. New York State Common Retirement Fund now owns 29,081 shares of the company's stock worth $222,000 after acquiring an additional 7,000 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Ecovyst by 34.2% during the 4th quarter. Rhumbline Advisers now owns 246,312 shares of the company's stock valued at $1,882,000 after acquiring an additional 62,736 shares during the last quarter. 86.69% of the stock is owned by institutional investors and hedge funds.

Ecovyst Stock Down 0.1 %

NYSE ECVT traded down $0.01 during trading on Monday, hitting $6.40. The stock had a trading volume of 783,927 shares, compared to its average volume of 876,288. Ecovyst Inc. has a 12 month low of $6.02 and a 12 month high of $11.35. 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 company's 50-day moving average price is $7.54 and its two-hundred day moving average price is $7.36. The company has a market capitalization of $750.56 million, a PE ratio of 13.90, a P/E/G ratio of 1.04 and a beta of 1.04.

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Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Citigroup lifted their price objective on Ecovyst from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. BWS Financial reaffirmed a "buy" rating and issued a $12.00 price target on shares of Ecovyst in a research note on Friday, February 28th. Finally, BMO Capital Markets cut their price target on shares of Ecovyst from $11.00 to $9.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd.

Ecovyst Company 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.