Oppenheimer Asset Management Inc. Boosts Stake in Ecovyst Inc. (NYSE:ECVT)

Oppenheimer Asset Management Inc. raised its holdings in Ecovyst Inc. (NYSE:ECVT) by 41.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,599 shares of the company’s stock after acquiring an additional 21,147 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Ecovyst were worth $490,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ProShare Advisors LLC raised its stake in Ecovyst by 8.5% in the first quarter. ProShare Advisors LLC now owns 16,635 shares of the company’s stock valued at $185,000 after purchasing an additional 1,308 shares in the last quarter. Quarry LP raised its position in shares of Ecovyst by 61.2% during the 2nd quarter. Quarry LP now owns 4,533 shares of the company’s stock valued at $41,000 after buying an additional 1,721 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Ecovyst by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 52,598 shares of the company’s stock worth $587,000 after acquiring an additional 3,353 shares in the last quarter. Innealta Capital LLC bought a new position in Ecovyst in the second quarter valued at $35,000. Finally, CWM LLC raised 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 in the last quarter. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Ecovyst Stock Up 0.5 %

ECVT opened at $8.12 on Wednesday. Ecovyst Inc. has a 12 month low of $6.02 and a 12 month high of $11.35. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17. The business’s 50-day moving average price is $6.94 and its 200-day moving average price is $7.96. The company has a market cap of $946.06 million, a P/E ratio of 17.65, a P/E/G ratio of 1.83 and a beta of 1.01.

Analyst Ratings Changes

A number of research firms have recently issued reports on ECVT. BMO Capital Markets cut their price objective on Ecovyst from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, November 1st. KeyCorp cut their target price on Ecovyst from $13.00 to $10.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Finally, BWS Financial reissued a “buy” rating and set a $12.00 price target on shares of Ecovyst in a research note on Friday, November 1st.

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.