698,036 Shares in Ecovyst Inc. (NYSE:ECVT) Purchased by Western Standard LLC

Western Standard LLC purchased a new stake in Ecovyst Inc. (NYSE:ECVT - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 698,036 shares of the company's stock, valued at approximately $4,782,000. Ecovyst comprises about 4.5% of Western Standard LLC's investment portfolio, making the stock its 8th largest position. Western Standard LLC owned 0.60% of Ecovyst as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ECVT. State Street Corp increased its position in shares of Ecovyst by 1.4% during the third quarter. State Street Corp now owns 2,426,509 shares of the company's stock worth $16,622,000 after purchasing an additional 33,292 shares in the last quarter. Quantinno Capital Management LP purchased a new position in Ecovyst during the 3rd quarter worth approximately $123,000. Needham Investment Management LLC raised its position in Ecovyst by 25.3% in the 3rd quarter. Needham Investment Management LLC now owns 915,000 shares of the company's stock valued at $6,268,000 after purchasing an additional 185,000 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in Ecovyst by 27.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 12,852,925 shares of the company's stock worth $88,043,000 after purchasing an additional 2,753,470 shares during the period. Finally, Atom Investors LP acquired a new position in Ecovyst in the third quarter valued at $398,000. Institutional investors and hedge funds own 86.69% of the company's stock.

Ecovyst Stock Performance

NYSE ECVT traded up $0.06 during trading hours on Friday, hitting $8.06. 383,316 shares of the stock were exchanged, compared to its average volume of 877,411. Ecovyst Inc. has a 12-month low of $6.02 and a 12-month high of $11.35. The stock has a 50-day moving average of $7.30 and a 200 day moving average of $7.85. The company has a market cap of $939.07 million, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 1.85 and a beta of 1.06. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. BWS Financial reiterated a "buy" rating and set a $12.00 target price on shares of Ecovyst in a research note on Wednesday. BMO Capital Markets increased their price objective on Ecovyst from $9.00 to $10.00 and gave the stock an "outperform" rating in a research report on Tuesday.

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.