10,890 Shares in Ecovyst Inc. (NYSE:ECVT) Acquired by Cibc World Markets Corp

Cibc World Markets Corp purchased a new stake in Ecovyst Inc. (NYSE:ECVT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,890 shares of the company’s stock, valued at approximately $83,000.

Other hedge funds have also recently bought and sold shares of the company. Spire Wealth Management grew its holdings in shares of Ecovyst by 72.9% in the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock worth $34,000 after purchasing an additional 1,896 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in Ecovyst in the third quarter valued at about $86,000. Quantinno Capital Management LP bought a new stake in Ecovyst during the third quarter worth about $123,000. Proficio Capital Partners LLC acquired a new stake in shares of Ecovyst during the fourth quarter worth approximately $139,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Ecovyst in the third quarter valued at approximately $177,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Ecovyst Stock Up 3.9 %

Shares of ECVT opened at $6.54 on Friday. The business’s fifty day moving average price is $7.44 and its two-hundred day moving average price is $7.34. The firm has a market capitalization of $768.05 million, a price-to-earnings ratio of 14.23, a PEG ratio of 1.04 and a beta of 1.04. Ecovyst Inc. has a 52 week low of $6.02 and a 52 week high of $11.35. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. BWS Financial reaffirmed a “buy” rating and set a $12.00 price target on shares of Ecovyst in a report on Friday, February 28th. Citigroup raised their target price on Ecovyst from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, BMO Capital Markets reduced their price target on shares of Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd.

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.