17,342 Shares in Ecovyst Inc. (NYSE:ECVT) Purchased by AXQ Capital LP

AXQ Capital LP purchased a new stake in Ecovyst Inc. (NYSE:ECVT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 17,342 shares of the company’s stock, valued at approximately $132,000.

Several other large investors have also recently added to or reduced their stakes in ECVT. Spire Wealth Management increased its position in shares of Ecovyst by 72.9% during the fourth quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock valued at $34,000 after purchasing an additional 1,896 shares during the period. Cibc World Markets Corp bought a new stake in Ecovyst in the 4th quarter valued at $83,000. Capstone Investment Advisors LLC acquired a new position in shares of Ecovyst in the 3rd quarter valued at $86,000. Virtu Financial LLC bought a new position in shares of Ecovyst during the 4th quarter worth about $119,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of Ecovyst during the 3rd quarter valued at about $123,000. Institutional investors and hedge funds own 86.69% of the company’s stock.

Ecovyst Stock Down 0.1 %

Shares of ECVT opened at $6.40 on Tuesday. The company has a market capitalization of $750.56 million, a P/E ratio of 13.90, a PEG ratio of 1.04 and a beta of 1.04. Ecovyst Inc. has a one year low of $6.02 and a one year high of $11.35. The business’s 50 day simple moving average is $7.51 and its 200-day simple moving average is $7.36. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06.

Analyst Upgrades and Downgrades

ECVT has been the subject of a number of analyst reports. BWS Financial restated a “buy” rating and set a $12.00 price target on shares of Ecovyst in a research note on Friday, February 28th. BMO Capital Markets decreased their price target on Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Finally, Citigroup increased their price objective on Ecovyst from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th.

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.