Atom Investors LP Acquires New Stake in Ecovyst Inc. (NYSE:ECVT)

Atom Investors LP acquired a new stake in Ecovyst Inc. (NYSE:ECVT) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 58,063 shares of the company’s stock, valued at approximately $398,000.

Other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Ecovyst by 6.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 52,598 shares of the company’s stock worth $587,000 after acquiring an additional 3,353 shares in the last quarter. CWM LLC lifted its position in shares of Ecovyst by 6,920.7% during the second quarter. CWM LLC now owns 4,072 shares of the company’s stock worth $37,000 after acquiring an additional 4,014 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Ecovyst during the second quarter worth $95,000. Easterly Investment Partners LLC purchased a new stake in shares of Ecovyst during the second quarter worth $892,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Ecovyst by 27.4% during the second quarter. Bank of New York Mellon Corp now owns 459,343 shares of the company’s stock worth $4,120,000 after acquiring an additional 98,719 shares in the last quarter. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ECVT shares. BWS Financial restated a “buy” rating and set a $12.00 target price on shares of Ecovyst in a research report 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.

Ecovyst Trading Down 1.0 %

Shares of ECVT stock opened at $8.17 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54. Ecovyst Inc. has a 52-week low of $6.02 and a 52-week high of $11.35. The company has a market capitalization of $951.89 million, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.93 and a beta of 1.06. The business’s fifty day moving average is $7.25 and its 200 day moving average is $7.85.

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.