King Luther Capital Management Corp Has $126,000 Stock Holdings in Ecovyst Inc. (NYSE:ECVT)

King Luther Capital Management Corp trimmed its stake in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 91.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,500 shares of the company's stock after selling 172,959 shares during the quarter. King Luther Capital Management Corp's holdings in Ecovyst were worth $126,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Spire Wealth Management grew its stake in shares of Ecovyst by 72.9% in the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company's stock worth $34,000 after purchasing an additional 1,896 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Ecovyst by 31.7% in the 4th quarter. New York State Common Retirement Fund now owns 29,081 shares of the company's stock worth $222,000 after purchasing an additional 7,000 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of Ecovyst in the 3rd quarter worth approximately $86,000. Empowered Funds LLC grew its stake in shares of Ecovyst by 5.1% in the 4th quarter. Empowered Funds LLC now owns 320,079 shares of the company's stock worth $2,445,000 after purchasing an additional 15,473 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new position in shares of Ecovyst in the 3rd quarter worth approximately $123,000. 86.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on ECVT. BWS Financial reaffirmed a "buy" rating and issued a $12.00 price objective on shares of Ecovyst in a research note on Friday, February 28th. BMO Capital Markets lowered 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 lifted their price objective 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.

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Ecovyst Trading Up 3.6 %

Shares of Ecovyst stock traded up $0.24 during trading on Wednesday, hitting $6.93. The stock had a trading volume of 1,309,721 shares, compared to its average volume of 883,039. The stock has a 50 day simple moving average of $7.59 and a 200 day simple moving average of $7.37. The company has a market capitalization of $813.47 million, a PE ratio of 15.07, a P/E/G ratio of 1.04 and a beta of 1.04. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. Ecovyst Inc. has a 1 year low of $6.02 and a 1 year high of $11.35.

Ecovyst 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.