Ecovyst Inc. (NYSE:ECVT) Stake Lessened by Jane Street Group LLC

Jane Street Group LLC lowered its holdings in Ecovyst Inc. (NYSE:ECVT) by 5.0% in the third quarter, Holdings Channel.com reports. The firm owned 91,307 shares of the company’s stock after selling 4,777 shares during the period. Jane Street Group LLC’s holdings in Ecovyst were worth $625,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Quarry LP lifted its holdings in shares of 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 in 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 worth $294,000 after acquiring an additional 4,031 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Ecovyst by 19.8% in the second quarter. The Manufacturers Life Insurance Company now owns 59,633 shares of the company’s stock worth $535,000 after acquiring an additional 9,840 shares during the last quarter. Algert Global LLC acquired a new position in shares of Ecovyst in the second quarter worth $106,000. Finally, Capstone Investment Advisors LLC acquired a new position in shares of Ecovyst in the third quarter worth $86,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Ecovyst Trading Up 0.1 %

Ecovyst stock opened at $7.74 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06. The company has a market capitalization of $901.79 million, a price-to-earnings ratio of 16.83, a PEG ratio of 1.67 and a beta of 1.06. Ecovyst Inc. has a one year low of $6.02 and a one year high of $11.35. The company’s fifty day moving average price is $7.75 and its two-hundred day moving average price is $7.60.

Analysts Set New Price Targets

ECVT has been the topic of a number of research reports. BWS Financial reaffirmed a “buy” rating and issued a $12.00 price target on shares of Ecovyst in a research note on Wednesday, December 4th. Citigroup upped their price target 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. Finally, BMO Capital Markets upped 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.

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.