Geode Capital Management LLC Has $17.37 Million Holdings in Ecovyst Inc. (NYSE:ECVT)

Geode Capital Management LLC lifted its position in shares of Ecovyst Inc. (NYSE:ECVT) by 2.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,535,792 shares of the company’s stock after purchasing an additional 55,884 shares during the period. Geode Capital Management LLC’s holdings in Ecovyst were worth $17,374,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP raised its position 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 purchasing an additional 1,721 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Ecovyst by 14.0% in the second quarter. Arizona State Retirement System now owns 32,751 shares of the company’s stock valued at $294,000 after buying an additional 4,031 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Ecovyst by 19.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 59,633 shares of the company’s stock valued at $535,000 after buying an additional 9,840 shares during the last quarter. Algert Global LLC acquired a new stake in Ecovyst during the 2nd quarter worth approximately $106,000. Finally, Capstone Investment Advisors LLC bought a new stake in Ecovyst during the 3rd quarter worth approximately $86,000. Institutional investors own 86.69% of the company’s stock.

Ecovyst Stock Down 2.0 %

Ecovyst stock opened at $7.52 on Monday. The company has a market capitalization of $876.16 million, a PE ratio of 16.35, a PEG ratio of 1.67 and a beta of 1.06. Ecovyst Inc. has a 12-month low of $6.02 and a 12-month high of $11.35. The firm’s fifty day moving average is $7.62 and its 200 day moving average is $7.65. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17.

Wall Street Analysts Forecast Growth

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

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.