Proficio Capital Partners LLC Buys Shares of 18,160 Ecovyst Inc. (NYSE:ECVT)

Proficio Capital Partners LLC bought a new stake in Ecovyst Inc. (NYSE:ECVTFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 18,160 shares of the company’s stock, valued at approximately $139,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC boosted its holdings in Ecovyst by 198.1% in the third quarter. Barclays PLC now owns 178,032 shares of the company’s stock worth $1,220,000 after acquiring an additional 118,303 shares in the last quarter. Empowered Funds LLC acquired a new position in Ecovyst in the third quarter valued at approximately $2,087,000. Harbor Capital Advisors Inc. lifted its holdings in Ecovyst by 13.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 2,000,444 shares of the company’s stock valued at $15,283,000 after acquiring an additional 244,081 shares during the period. State Street Corp lifted its holdings in Ecovyst by 1.4% in the third quarter. State Street Corp now owns 2,426,509 shares of the company’s stock valued at $16,622,000 after acquiring an additional 33,292 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in Ecovyst by 31.7% in the fourth quarter. New York State Common Retirement Fund now owns 29,081 shares of the company’s stock valued at $222,000 after acquiring an additional 7,000 shares during the period. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. BWS Financial reissued a “buy” rating and issued a $12.00 price target on shares of Ecovyst in a report on Friday, February 28th. Citigroup boosted their price target on Ecovyst from $8.00 to $9.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, BMO Capital Markets cut their price objective on Ecovyst from $11.00 to $9.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd.

Read Our Latest Report on ECVT

Ecovyst Stock Down 1.9 %

Ecovyst stock opened at $6.60 on Thursday. The stock has a market capitalization of $774.04 million, a PE ratio of 14.34, a price-to-earnings-growth ratio of 1.04 and a beta of 1.04. Ecovyst Inc. has a 12 month low of $6.02 and a 12 month high of $11.35. The business has a 50 day simple moving average of $7.66 and a 200-day simple moving average of $7.37. 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 Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ecovyst (NYSE:ECVT)

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