Dynamic Technology Lab Private Ltd Sells 32,017 Shares of Ecovyst Inc. (NYSE:ECVT)

Dynamic Technology Lab Private Ltd lessened its holdings in Ecovyst Inc. (NYSE:ECVT) by 66.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,516 shares of the company’s stock after selling 32,017 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Ecovyst were worth $113,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Quarry LP grew 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 worth $41,000 after buying an additional 1,721 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Ecovyst by 6.8% during 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 acquired a new stake in Ecovyst in the second quarter worth $35,000. CWM LLC increased its stake in Ecovyst by 6,920.7% in 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. Finally, Arizona State Retirement System grew its position in Ecovyst by 14.0% in the 2nd quarter. Arizona State Retirement System now owns 32,751 shares of the company’s stock valued at $294,000 after purchasing an additional 4,031 shares during the period. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Ecovyst Stock Performance

NYSE:ECVT opened at $8.62 on Tuesday. The company has a market capitalization of $1.00 billion, a P/E ratio of 17.98, a P/E/G ratio of 1.78 and a beta of 1.01. The business has a fifty day simple moving average of $7.18 and a two-hundred day simple moving average of $7.87. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06. Ecovyst Inc. has a 1 year low of $6.02 and a 1 year high of $11.35.

Analysts Set New Price Targets

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

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.