FMR LLC lessened its holdings in Ecovyst Inc. (NYSE:ECVT - Free Report) by 6.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,403,842 shares of the company's stock after selling 343,744 shares during the period. FMR LLC owned approximately 4.64% of Ecovyst worth $37,016,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Innealta Capital LLC bought a new stake in shares of Ecovyst in the 2nd quarter worth approximately $35,000. CWM LLC raised its holdings in shares of Ecovyst by 6,920.7% in the 2nd quarter. CWM LLC now owns 4,072 shares of the company's stock worth $37,000 after purchasing an additional 4,014 shares during the period. Quarry LP raised its holdings in shares of 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 shares of Ecovyst in the 2nd quarter worth approximately $95,000. Finally, Algert Global LLC bought a new stake in shares of Ecovyst in the 2nd quarter worth approximately $106,000. Hedge funds and other institutional investors own 86.69% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on ECVT shares. BMO Capital Markets lifted their price target on shares of Ecovyst from $9.00 to $10.00 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. BWS Financial reissued a "buy" rating and set a $12.00 target price on shares of Ecovyst in a report on Wednesday, December 4th.
View Our Latest Research Report on Ecovyst
Ecovyst Stock Performance
ECVT stock traded down $0.15 during midday trading on Monday, reaching $7.91. 807,630 shares of the company's stock traded hands, compared to its average volume of 877,861. The company has a 50-day moving average price of $7.33 and a two-hundred day moving average price of $7.81. The firm 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. 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 $6.02 and a 52 week high of $11.35.
About Ecovyst
(
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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