Hotchkis & Wiley Capital Management LLC raised its holdings in Ecovyst Inc. (NYSE:ECVT - Free Report) by 27.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,852,925 shares of the company's stock after buying an additional 2,753,470 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 11.03% of Ecovyst worth $88,043,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Atom Investors LP purchased a new stake in Ecovyst during the third quarter worth about $398,000. Paloma Partners Management Co bought a new stake in Ecovyst during the third quarter valued at approximately $247,000. 272 Capital LP lifted its position in Ecovyst by 753.8% during the third quarter. 272 Capital LP now owns 128,071 shares of the company's stock valued at $877,000 after purchasing an additional 113,071 shares during the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of Ecovyst during the third quarter worth approximately $86,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Ecovyst by 15.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,704,331 shares of the company's stock worth $11,675,000 after acquiring an additional 230,351 shares in the last quarter. Hedge funds and other institutional investors own 86.69% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. BWS Financial reissued a "buy" rating and set a $12.00 price target on shares of Ecovyst in a research note on Friday, November 1st. KeyCorp decreased their price target on shares of Ecovyst from $13.00 to $10.00 and set an "overweight" rating on the stock in a research note on Monday, August 5th. Finally, 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 research note on Tuesday.
Get Our Latest Stock Report on Ecovyst
Ecovyst Trading Down 4.3 %
NYSE ECVT traded down $0.37 during trading on Tuesday, hitting $8.25. The company had a trading volume of 910,229 shares, compared to its average volume of 882,412. The company's fifty day moving average is $7.22 and its 200-day moving average is $7.86. The company has a market cap of $961.21 million, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 1.93 and a beta of 1.06. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17. Ecovyst Inc. has a one year low of $6.02 and a one year 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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