Fox Run Management L.L.C. Invests $176,000 in Ecovyst Inc. (NYSE:ECVT)

Fox Run Management L.L.C. purchased a new position in shares of Ecovyst Inc. (NYSE:ECVT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 23,064 shares of the company’s stock, valued at approximately $176,000.

Several other large investors have also recently added to or reduced their stakes in ECVT. KLP Kapitalforvaltning AS acquired a new position in Ecovyst during the 4th quarter worth approximately $163,000. AXQ Capital LP purchased a new position in Ecovyst in the fourth quarter worth $132,000. American Century Companies Inc. lifted its holdings in Ecovyst by 13.3% in the fourth quarter. American Century Companies Inc. now owns 272,146 shares of the company’s stock valued at $2,079,000 after acquiring an additional 31,891 shares during the period. Virtu Financial LLC purchased a new position in shares of Ecovyst in the 4th quarter valued at about $119,000. Finally, Boston Partners increased its holdings in shares of Ecovyst by 30.2% in the 4th quarter. Boston Partners now owns 2,401,811 shares of the company’s stock valued at $18,405,000 after purchasing an additional 557,249 shares in the last quarter. 86.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on ECVT. BWS Financial reissued a “buy” rating and set a $12.00 price objective on shares of Ecovyst in a report on Friday, February 28th. Citigroup upped their price target on Ecovyst from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, BMO Capital Markets dropped their price objective on Ecovyst from $11.00 to $9.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd.

Ecovyst Stock Performance

Shares of ECVT opened at $6.31 on Friday. The company has a 50-day moving average of $7.41 and a two-hundred day moving average of $7.34. The stock has a market cap of $740.00 million, a P/E ratio of 13.71, a PEG ratio of 1.04 and a beta of 1.04. Ecovyst Inc. has a 12-month low of $6.02 and a 12-month high of $11.21. 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.