272 Capital LP Acquires 113,071 Shares of Ecovyst Inc. (NYSE:ECVT)

272 Capital LP grew its holdings in Ecovyst Inc. (NYSE:ECVT) by 753.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,071 shares of the company’s stock after purchasing an additional 113,071 shares during the period. 272 Capital LP owned about 0.11% of Ecovyst worth $877,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. CWM LLC lifted its position in Ecovyst by 6,920.7% during the second 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. SG Americas Securities LLC purchased a new position in shares of Ecovyst in the 2nd quarter worth $95,000. Easterly Investment Partners LLC bought a new stake in shares of Ecovyst in the second quarter worth $892,000. Bank of New York Mellon Corp increased its position in Ecovyst by 27.4% during the second quarter. Bank of New York Mellon Corp now owns 459,343 shares of the company’s stock valued at $4,120,000 after acquiring an additional 98,719 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in Ecovyst in the second quarter valued at about $35,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ECVT shares. BWS Financial restated a “buy” rating and set a $12.00 price target on shares of Ecovyst in a research note on Wednesday, December 4th. BMO Capital Markets upped their target price on shares of Ecovyst from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd.

Ecovyst Trading Down 1.3 %

Shares of NYSE:ECVT opened at $7.47 on Friday. Ecovyst Inc. has a 12-month low of $6.02 and a 12-month high of $11.35. The company has a market cap of $870.33 million, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.73 and a beta of 1.06. The stock has a 50 day moving average of $7.41 and a 200 day moving average of $7.79. 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 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.