Harbor Capital Advisors Inc. Has $15.28 Million Stake in Ecovyst Inc. (NYSE:ECVT)

Harbor Capital Advisors Inc. lifted its stake in Ecovyst Inc. (NYSE:ECVT) by 13.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,000,444 shares of the company’s stock after purchasing an additional 244,081 shares during the period. Ecovyst accounts for 0.7% of Harbor Capital Advisors Inc.’s portfolio, making the stock its 15th largest position. Harbor Capital Advisors Inc.’s holdings in Ecovyst were worth $15,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. Quarry LP raised its position in shares of Ecovyst by 61.2% during the 2nd quarter. Quarry LP now owns 4,533 shares of the company’s stock valued at $41,000 after acquiring an additional 1,721 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in shares of Ecovyst during the 3rd quarter valued at about $86,000. Algert Global LLC bought a new position in Ecovyst in the second quarter valued at approximately $106,000. Quantinno Capital Management LP acquired a new position in Ecovyst in the 3rd quarter worth $123,000. Finally, MBB Public Markets I LLC acquired a new position in shares of Ecovyst during the second quarter worth about $133,000. Institutional investors own 86.69% of the company’s stock.

Ecovyst Stock Performance

ECVT stock traded down $0.11 during trading hours on Friday, reaching $7.31. The stock had a trading volume of 113,054 shares, compared to its average volume of 531,097. The stock has a market capitalization of $851.69 million, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05. The stock has a 50-day simple moving average of $7.84 and a 200 day simple moving average of $7.57. Ecovyst Inc. has a fifty-two week low of $6.02 and a fifty-two week high of $11.35. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ECVT shares. BMO Capital Markets raised their price target on shares of Ecovyst from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. BWS Financial reissued a “buy” rating and set a $12.00 price target on shares of Ecovyst in a research report on Wednesday, December 4th. Finally, Citigroup increased their price objective on shares of Ecovyst from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th.

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.