Jacobs Levy Equity Management Inc. Trims Stock Position in Ecovyst Inc. (NYSE:ECVT)

Jacobs Levy Equity Management Inc. lessened its holdings in Ecovyst Inc. (NYSE:ECVT - Free Report) by 51.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 372,049 shares of the company's stock after selling 394,381 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.32% of Ecovyst worth $2,549,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ECVT. Empowered Funds LLC purchased a new stake in Ecovyst in the third quarter valued at approximately $2,087,000. Bank of New York Mellon Corp raised its holdings in shares of Ecovyst by 27.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 459,343 shares of the company's stock valued at $4,120,000 after buying an additional 98,719 shares during the period. Harbor Capital Advisors Inc. lifted its stake in Ecovyst by 84.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,756,363 shares of the company's stock worth $12,031,000 after acquiring an additional 805,128 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in Ecovyst by 20.4% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,729,796 shares of the company's stock valued at $15,516,000 after acquiring an additional 292,637 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its position in Ecovyst by 27.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 12,852,925 shares of the company's stock valued at $88,043,000 after acquiring an additional 2,753,470 shares in the last quarter. 86.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ECVT shares. BWS Financial reissued a "buy" rating and set a $12.00 price target on shares of Ecovyst in a research report on Wednesday. BMO Capital Markets increased their target price on shares of Ecovyst from $9.00 to $10.00 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd.

Ecovyst Stock Up 0.8 %

ECVT stock traded up $0.06 during mid-day trading on Friday, reaching $8.06. The company had a trading volume of 508,789 shares, compared to its average volume of 815,769. The firm has a fifty day simple moving average of $7.33 and a 200 day simple moving average of $7.81. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54. The company has a market capitalization of $939.07 million, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 1.83 and a beta of 1.06. Ecovyst Inc. has a fifty-two week low of $6.02 and a fifty-two week high of $11.35.

About Ecovyst

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.