Virtu Financial LLC Takes Position in Ecovyst Inc. (NYSE:ECVT)

Virtu Financial LLC acquired a new stake in Ecovyst Inc. (NYSE:ECVT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 15,588 shares of the company’s stock, valued at approximately $119,000.

A number of other institutional investors have also recently added to or reduced their stakes in ECVT. Intech Investment Management LLC acquired a new position in shares of Ecovyst during the third quarter worth $184,000. Charles Schwab Investment Management Inc. grew its position in shares of Ecovyst by 15.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,704,331 shares of the company’s stock valued at $11,675,000 after buying an additional 230,351 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in shares of Ecovyst during the third quarter worth about $86,000. 272 Capital LP lifted its stake in shares of Ecovyst by 753.8% in the third quarter. 272 Capital LP now owns 128,071 shares of the company’s stock worth $877,000 after acquiring an additional 113,071 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in Ecovyst during the 3rd quarter valued at approximately $247,000. 86.69% of the stock is owned by institutional investors.

Ecovyst Stock Down 3.6 %

Shares of NYSE ECVT opened at $6.31 on Monday. Ecovyst Inc. has a 12-month low of $6.02 and a 12-month high of $11.21. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. The firm has a market cap of $740.00 million, a PE ratio of 13.71, a P/E/G ratio of 1.04 and a beta of 1.04. The company’s fifty day simple moving average is $7.41 and its 200 day simple moving average is $7.35.

Analysts Set New Price Targets

Several research firms have recently weighed in on ECVT. Citigroup increased their price objective on shares of Ecovyst from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. BMO Capital Markets dropped their price objective on Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Finally, BWS Financial restated a “buy” rating and set a $12.00 target price on shares of Ecovyst in a research report on Friday, February 28th.

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.