King Luther Capital Management Corp Decreases Stake in Ecovyst Inc. (NYSE:ECVT)

King Luther Capital Management Corp lessened its holdings in Ecovyst Inc. (NYSE:ECVT - Free Report) by 49.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 189,459 shares of the company's stock after selling 185,388 shares during the quarter. King Luther Capital Management Corp owned 0.16% of Ecovyst worth $1,298,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. ProShare Advisors LLC raised its stake in Ecovyst by 8.5% during the first quarter. ProShare Advisors LLC now owns 16,635 shares of the company's stock worth $185,000 after acquiring an additional 1,308 shares in the last quarter. Quarry LP increased its stake in shares of Ecovyst by 61.2% in the second quarter. Quarry LP now owns 4,533 shares of the company's stock valued at $41,000 after buying an additional 1,721 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Ecovyst by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 52,598 shares of the company's stock valued at $587,000 after buying an additional 3,353 shares during the period. Innealta Capital LLC acquired a new position in shares of Ecovyst in the second quarter valued at approximately $35,000. Finally, CWM LLC increased its stake in shares of Ecovyst by 6,920.7% in the second quarter. CWM LLC now owns 4,072 shares of the company's stock valued at $37,000 after buying an additional 4,014 shares during the period. Institutional investors own 86.69% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ECVT shares. BWS Financial reaffirmed a "buy" rating and issued a $12.00 price objective on shares of Ecovyst in a research note on Friday, November 1st. KeyCorp decreased their target price on shares of Ecovyst from $13.00 to $10.00 and set an "overweight" rating for the company in a research report on Monday, August 5th. Finally, BMO Capital Markets decreased their target price on shares of Ecovyst from $11.00 to $9.00 and set an "outperform" rating for the company in a research report on Friday, November 1st.

Ecovyst Stock Performance

Shares of Ecovyst stock traded up $0.07 during trading hours on Friday, hitting $8.19. 558,107 shares of the company's stock traded hands, compared to its average volume of 1,157,485. Ecovyst Inc. has a 12-month low of $6.02 and a 12-month high of $11.35. The stock has a market capitalization of $954.22 million, a price-to-earnings ratio of 17.80, a PEG ratio of 1.82 and a beta of 1.01. The company has a fifty day simple moving average of $7.03 and a 200-day simple moving average of $7.93. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06.

Ecovyst Company 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.