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:ECVT) 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.

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

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.