Victory Capital Management Inc. Decreases Stake in Ecovyst Inc. (NYSE:ECVT)

Victory Capital Management Inc. trimmed its position in shares of Ecovyst Inc. (NYSE:ECVT) by 98.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,421 shares of the company’s stock after selling 1,094,823 shares during the period. Victory Capital Management Inc.’s holdings in Ecovyst were worth $92,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in shares of Ecovyst in the 2nd quarter valued at about $35,000. CWM LLC increased its stake in 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 purchasing an additional 4,014 shares during the last quarter. Quarry LP increased its stake in 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 purchasing an additional 1,721 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Ecovyst during the second quarter worth approximately $95,000. Finally, Algert Global LLC purchased a new stake in shares of Ecovyst during the 2nd quarter worth approximately $106,000. Institutional investors and hedge funds own 86.69% of the company’s stock.

Ecovyst Price Performance

ECVT stock opened at $7.95 on Monday. The company has a market cap of $926.25 million, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 1.78 and a beta of 1.01. The company has a fifty day moving average price of $7.18 and a 200 day moving average price of $7.88. 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 Inc. has a 12 month low of $6.02 and a 12 month high of $11.35.

Analysts Set New Price Targets

Several brokerages recently commented on ECVT. BWS Financial reiterated a “buy” rating and set a $12.00 price target on shares of Ecovyst in a research note on Friday, November 1st. BMO Capital Markets cut their target price on Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, KeyCorp reduced their target price on Ecovyst from $13.00 to $10.00 and set an “overweight” rating for the company in a report on Monday, August 5th.

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.