Harbor Capital Advisors Inc. raised its stake in Ecovyst Inc. (NYSE:ECVT - Free Report) by 13.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,000,444 shares of the company's stock after purchasing an additional 244,081 shares during the period. Ecovyst accounts for about 0.7% of Harbor Capital Advisors Inc.'s holdings, making the stock its 15th biggest position. Harbor Capital Advisors Inc. owned 1.72% of Ecovyst worth $15,283,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ECVT. Quarry LP lifted its position in Ecovyst by 61.2% during the 2nd quarter. Quarry LP now owns 4,533 shares of the company's stock worth $41,000 after acquiring an additional 1,721 shares during the period. Algert Global LLC purchased a new position in Ecovyst in the 2nd quarter valued at $106,000. Capstone Investment Advisors LLC purchased a new position in Ecovyst during the 3rd quarter worth $86,000. MBB Public Markets I LLC acquired a new stake in shares of Ecovyst in the 2nd quarter worth $133,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of Ecovyst in the third quarter valued at about $123,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.
Ecovyst Stock Up 1.2 %
Ecovyst stock traded up $0.09 during midday trading on Friday, hitting $7.51. 634,129 shares of the company were exchanged, compared to its average volume of 619,155. The company's fifty day moving average price is $7.84 and its 200-day moving average price is $7.57. Ecovyst Inc. has a fifty-two week low of $6.02 and a fifty-two week high of $11.35. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06. The company has a market cap of $874.99 million, a PE ratio of 16.33, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on ECVT shares. BWS Financial restated a "buy" rating and issued a $12.00 price target on shares of Ecovyst in a research note on Wednesday, December 4th. BMO Capital Markets upped their price target on shares of Ecovyst from $9.00 to $10.00 and gave the company an "outperform" rating in a report on Tuesday, December 3rd. Finally, Citigroup upped their target price on Ecovyst from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th.
Check Out Our Latest Research Report on Ecovyst
Ecovyst Profile
(
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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