Ecovyst Inc. (NYSE:ECVT) Shares Sold by EVR Research LP

EVR Research LP decreased its holdings in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 49.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,000,000 shares of the company's stock after selling 970,000 shares during the quarter. Ecovyst comprises approximately 2.6% of EVR Research LP's holdings, making the stock its 16th biggest holding. EVR Research LP owned approximately 0.86% of Ecovyst worth $7,640,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Sterling Capital Management LLC lifted its position in shares of Ecovyst by 14,218.7% during the fourth quarter. Sterling Capital Management LLC now owns 58,277 shares of the company's stock worth $445,000 after purchasing an additional 57,870 shares in the last quarter. CenterBook Partners LP acquired a new stake in shares of Ecovyst during the fourth quarter valued at about $1,411,000. Raymond James Financial Inc. purchased a new stake in shares of Ecovyst during the fourth quarter worth about $2,706,000. Invesco Ltd. lifted its stake in shares of Ecovyst by 6.2% in the fourth quarter. Invesco Ltd. now owns 320,552 shares of the company's stock worth $2,449,000 after acquiring an additional 18,844 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in Ecovyst by 5.1% in the fourth quarter. Federated Hermes Inc. now owns 122,370 shares of the company's stock valued at $935,000 after purchasing an additional 5,930 shares during the last quarter. 86.69% of the stock is owned by hedge funds and other institutional investors.

Ecovyst Stock Performance

ECVT traded down $0.06 during trading hours on Wednesday, hitting $5.84. 824,231 shares of the stock were exchanged, compared to its average volume of 911,380. 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 Inc. has a 12 month low of $5.24 and a 12 month high of $10.57. The stock has a 50-day simple moving average of $6.85 and a 200-day simple moving average of $7.27. The stock has a market cap of $685.53 million, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02.

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Analyst Upgrades and Downgrades

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

About Ecovyst

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.