First Wilshire Securities Management Inc. Decreases Position in Ecovyst Inc. (NYSE:ECVT)

First Wilshire Securities Management Inc. lowered its position in Ecovyst Inc. (NYSE:ECVT - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,971,668 shares of the company's stock after selling 56,108 shares during the period. Ecovyst comprises about 4.1% of First Wilshire Securities Management Inc.'s portfolio, making the stock its 6th largest position. First Wilshire Securities Management Inc. owned about 1.69% of Ecovyst worth $15,064,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Ecovyst by 198.1% during the 3rd quarter. Barclays PLC now owns 178,032 shares of the company's stock worth $1,220,000 after purchasing an additional 118,303 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Ecovyst by 13.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 2,000,444 shares of the company's stock valued at $15,283,000 after acquiring an additional 244,081 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Ecovyst during the 4th quarter valued at approximately $139,000. Charles Schwab Investment Management Inc. grew its position in shares of Ecovyst by 11.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,903,148 shares of the company's stock valued at $14,540,000 after acquiring an additional 198,817 shares during the period. Finally, State Street Corp increased its stake in shares of Ecovyst by 1.4% during the 3rd quarter. State Street Corp now owns 2,426,509 shares of the company's stock worth $16,622,000 after purchasing an additional 33,292 shares during the last quarter. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several equities analysts recently commented on ECVT shares. BWS Financial reiterated 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 dropped their price target on Ecovyst from $11.00 to $9.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Finally, Citigroup lifted their price objective on Ecovyst from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th.

Ecovyst Stock Performance

ECVT stock traded down $0.35 during midday trading on Friday, reaching $5.58. 2,011,323 shares of the company's stock traded hands, compared to its average volume of 897,930. The firm has a market capitalization of $654.32 million, a PE ratio of 12.12, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02. The company has a 50-day moving average price of $7.23 and a two-hundred day moving average price of $7.33. Ecovyst Inc. has a 52 week low of $5.38 and a 52 week high of $10.86. 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 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.