Ecovyst Inc. (NYSE:ECVT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in Ecovyst Inc. (NYSE:ECVT) by 98.8% during the 3rd quarter, Holdings Channel reports. The fund owned 13,421 shares of the company’s stock after selling 1,094,823 shares during the quarter. Victory Capital Management Inc.’s holdings in Ecovyst were worth $92,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ECVT. Harbor Capital Advisors Inc. boosted its position in shares of Ecovyst by 84.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,756,363 shares of the company’s stock worth $12,031,000 after purchasing an additional 805,128 shares in the last quarter. Foundry Partners LLC acquired a new stake in shares of Ecovyst in the second quarter valued at about $4,401,000. Sei Investments Co. boosted its holdings in Ecovyst by 57.1% during the second quarter. Sei Investments Co. now owns 818,770 shares of the company’s stock worth $7,344,000 after buying an additional 297,594 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its position in Ecovyst by 20.4% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,729,796 shares of the company’s stock worth $15,516,000 after buying an additional 292,637 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Ecovyst by 3.9% in the second quarter. Dimensional Fund Advisors LP now owns 6,210,855 shares of the company’s stock valued at $55,711,000 after buying an additional 234,824 shares in the last quarter. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Ecovyst Price Performance

Shares of NYSE ECVT opened at $7.95 on Monday. The firm’s 50-day moving average is $7.18 and its two-hundred day moving average is $7.88. The company has a market capitalization of $926.25 million, a PE ratio of 17.28, a price-to-earnings-growth ratio of 1.78 and a beta of 1.01. Ecovyst Inc. has a 12-month low of $6.02 and a 12-month high of $11.35. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. BMO Capital Markets decreased their price target on Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. KeyCorp decreased their target price on Ecovyst from $13.00 to $10.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, BWS Financial reissued a “buy” rating and issued a $12.00 target price on shares of Ecovyst in a report 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.