Capstone Investment Advisors LLC Purchases New Stake in Ecovyst Inc. (NYSE:ECVT)

Capstone Investment Advisors LLC acquired a new position in Ecovyst Inc. (NYSE:ECVT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,550 shares of the company’s stock, valued at approximately $86,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ECVT. Innealta Capital LLC purchased a new position in shares of Ecovyst in the 2nd quarter valued at about $35,000. CWM LLC grew its position in 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 buying an additional 4,014 shares during the period. Quarry LP increased its holdings in Ecovyst by 61.2% in the second quarter. Quarry LP now owns 4,533 shares of the company’s stock valued at $41,000 after buying an additional 1,721 shares in the last quarter. SG Americas Securities LLC purchased a new position in Ecovyst in the second quarter valued at about $95,000. Finally, Algert Global LLC acquired a new stake in shares of Ecovyst during the 2nd quarter valued at approximately $106,000. Institutional investors and hedge funds own 86.69% of the company’s stock.

Ecovyst Price Performance

ECVT stock opened at $7.95 on Monday. The stock’s 50 day moving average price is $7.18 and its 200 day moving average price is $7.88. The firm has a market cap of $926.25 million, a P/E ratio of 17.28, a PEG ratio of 1.78 and a beta of 1.01. 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 1 year low of $6.02 and a 1 year high of $11.35.

Analyst Ratings Changes

A number of research firms recently weighed in on ECVT. KeyCorp lowered their price target on Ecovyst from $13.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. BMO Capital Markets lowered their target price on Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, BWS Financial reaffirmed a “buy” rating and set a $12.00 price target on shares of Ecovyst in a research note on Friday, November 1st.

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.