Ecovyst Inc. (NYSE:ECVT) is Cove Street Capital LLC's 4th Largest Position

Cove Street Capital LLC lowered its position in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 24.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 491,560 shares of the company's stock after selling 156,319 shares during the period. Ecovyst comprises about 4.4% of Cove Street Capital LLC's holdings, making the stock its 4th largest position. Cove Street Capital LLC owned 0.42% of Ecovyst worth $3,753,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Spire Wealth Management increased its stake 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 during the period. New York State Common Retirement Fund increased its position in Ecovyst by 31.7% in the 4th quarter. New York State Common Retirement Fund now owns 29,081 shares of the company's stock valued at $222,000 after acquiring an additional 7,000 shares during the period. Cibc World Markets Corp purchased a new stake in Ecovyst during the 4th quarter valued at approximately $83,000. Capstone Investment Advisors LLC purchased a new stake in Ecovyst during the 3rd quarter valued at approximately $86,000. Finally, Intech Investment Management LLC lifted its position in Ecovyst by 50.9% during the 4th quarter. Intech Investment Management LLC now owns 40,439 shares of the company's stock worth $309,000 after acquiring an additional 13,645 shares during the period. 86.69% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

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

Ecovyst Stock Performance

NYSE ECVT traded down $0.40 on Thursday, hitting $6.06. 359,465 shares of the company's stock were exchanged, compared to its average volume of 886,096. The firm has a market cap of $711.24 million, a price-to-earnings ratio of 13.17, a P/E/G ratio of 1.04 and a beta of 1.04. The firm's 50-day moving average price is $7.31 and its two-hundred day moving average price is $7.34. Ecovyst Inc. has a fifty-two week low of $5.92 and a fifty-two week high of $11.21. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06.

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.