Loomis Sayles & Co. L P Sells 40,695 Shares of Ecovyst Inc. (NYSE:ECVT)

Loomis Sayles & Co. L P reduced its position in shares of Ecovyst Inc. (NYSE:ECVT) by 3.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,027,606 shares of the company’s stock after selling 40,695 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Ecovyst were worth $7,039,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ECVT. Quarry LP grew its stake in shares of Ecovyst by 61.2% in the second quarter. Quarry LP now owns 4,533 shares of the company’s stock worth $41,000 after acquiring an additional 1,721 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Ecovyst by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 52,598 shares of the company’s stock worth $587,000 after purchasing an additional 3,353 shares during the last quarter. Innealta Capital LLC purchased a new position in Ecovyst in the second quarter worth about $35,000. CWM LLC grew its stake in shares of Ecovyst by 6,920.7% during the 2nd 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 period. Finally, Arizona State Retirement System increased its position in shares of Ecovyst by 14.0% during the 2nd quarter. Arizona State Retirement System now owns 32,751 shares of the company’s stock valued at $294,000 after purchasing an additional 4,031 shares during the last quarter. 86.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. BMO Capital Markets dropped their price objective on shares of Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. 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. Finally, KeyCorp reduced their price objective on Ecovyst from $13.00 to $10.00 and set an “overweight” rating for the company in a research note on Monday, August 5th.

Ecovyst Trading Down 0.7 %

Shares of NYSE:ECVT opened at $7.95 on Thursday. The stock has a 50 day moving average of $7.09 and a 200 day moving average of $7.90. The company has a market cap of $925.67 million, a PE ratio of 17.28, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. Ecovyst Inc. has a 12-month low of $6.02 and a 12-month high of $11.35. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17.

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.