Public Employees Retirement System of Ohio Has $509,000 Holdings in Ecovyst Inc. (NYSE:ECVT)

Public Employees Retirement System of Ohio reduced its position in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 70.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,375 shares of the company's stock after selling 181,256 shares during the period. Public Employees Retirement System of Ohio owned about 0.06% of Ecovyst worth $509,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ECVT. Innealta Capital LLC bought a new position in shares of Ecovyst in the second quarter valued at about $35,000. Quarry LP raised 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 worth $41,000 after acquiring an additional 1,721 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of Ecovyst during the third quarter worth approximately $86,000. SG Americas Securities LLC bought a new stake in shares of Ecovyst during the second quarter valued at approximately $95,000. Finally, Algert Global LLC acquired a new stake in shares of Ecovyst in the second quarter valued at approximately $106,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on ECVT. Citigroup increased their price objective on Ecovyst from $8.00 to $9.00 and gave the company a "buy" rating in a research report on Wednesday. BMO Capital Markets raised their price target on Ecovyst from $9.00 to $10.00 and gave the company an "outperform" rating in a report on Tuesday, December 3rd. Finally, BWS Financial reissued a "buy" rating and set a $12.00 price objective on shares of Ecovyst in a report on Wednesday, December 4th.

Ecovyst Trading Up 3.0 %

Shares of NYSE:ECVT traded up $0.22 during midday trading on Friday, hitting $7.52. The company had a trading volume of 1,934,021 shares, compared to its average volume of 879,879. 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 12 month low of $6.02 and a 12 month high of $11.35. The firm has a fifty day simple moving average of $7.51 and a 200 day simple moving average of $7.72. The stock has a market cap of $876.16 million, a price-to-earnings ratio of 16.35, a PEG ratio of 1.67 and a beta of 1.06.

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.