Commonwealth Equity Services LLC Has $127,000 Position in Ecovyst Inc. (NYSE:ECVT)

Commonwealth Equity Services LLC reduced its stake in Ecovyst Inc. (NYSE:ECVT - Free Report) by 91.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,621 shares of the company's stock after selling 182,420 shares during the quarter. Commonwealth Equity Services LLC's holdings in Ecovyst were worth $127,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Spire Wealth Management grew its position in Ecovyst by 72.9% in the fourth quarter. Spire Wealth Management now owns 4,496 shares of the company's stock valued at $34,000 after purchasing an additional 1,896 shares in the last quarter. Quantinno Capital Management LP bought a new position in shares of Ecovyst in the 3rd quarter valued at about $123,000. Proficio Capital Partners LLC bought a new stake in Ecovyst during the fourth quarter worth about $139,000. EP Wealth Advisors LLC acquired a new position in Ecovyst during the third quarter valued at approximately $177,000. Finally, New York State Common Retirement Fund grew its stake in Ecovyst by 31.7% in the fourth quarter. New York State Common Retirement Fund now owns 29,081 shares of the company's stock valued at $222,000 after purchasing an additional 7,000 shares in the last quarter. 86.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ECVT. BWS Financial reissued a "buy" rating and issued a $12.00 price objective on shares of Ecovyst in a report on Friday, February 28th. BMO Capital Markets dropped their target price on shares of Ecovyst from $11.00 to $9.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. Finally, Citigroup upped their price objective on Ecovyst from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th.

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Ecovyst Stock Performance

Shares of ECVT stock traded down $0.05 during midday trading on Tuesday, hitting $5.86. 330,980 shares of the company were exchanged, compared to its average volume of 909,806. The firm has a market capitalization of $687.88 million, a P/E ratio of 12.74, a PEG ratio of 1.04 and a beta of 1.02. 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 Inc. has a 52 week low of $5.24 and a 52 week high of $10.57. The firm's 50 day moving average price is $6.89 and its two-hundred day moving average price is $7.28.

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.