Quest Partners LLC Makes New $337,000 Investment in Ecovyst Inc. (NYSE:ECVT)

Quest Partners LLC bought a new position in Ecovyst Inc. (NYSE:ECVT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 49,184 shares of the company’s stock, valued at approximately $337,000.

Several other hedge funds have also recently modified their holdings of ECVT. Bank of New York Mellon Corp raised its stake in Ecovyst by 27.4% during the second quarter. Bank of New York Mellon Corp now owns 459,343 shares of the company’s stock valued at $4,120,000 after purchasing an additional 98,719 shares in the last quarter. Empowered Funds LLC bought a new position in Ecovyst during the 3rd quarter worth about $2,087,000. Westwood Holdings Group Inc. grew its holdings in Ecovyst by 3.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 5,026,022 shares of the company’s stock worth $56,040,000 after acquiring an additional 178,001 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in 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 acquiring an additional 805,128 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its position in shares of Ecovyst by 20.4% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,729,796 shares of the company’s stock valued at $15,516,000 after buying an additional 292,637 shares during the last quarter. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Analyst Ratings Changes

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

Ecovyst Price Performance

Ecovyst stock opened at $8.15 on Tuesday. The company’s fifty day moving average price is $7.06 and its 200 day moving average price is $7.91. Ecovyst Inc. has a 1 year low of $6.02 and a 1 year high of $11.35. The stock has a market capitalization of $948.97 million, a P/E ratio of 17.71, a P/E/G ratio of 1.83 and a beta of 1.01. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54.

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.