Wedge Capital Management L L P NC Sells 1,979 Shares of Ecovyst Inc. (NYSE:ECVT)

Wedge Capital Management L L P NC reduced its position in shares of Ecovyst Inc. (NYSE:ECVT) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 546,878 shares of the company’s stock after selling 1,979 shares during the period. Wedge Capital Management L L P NC owned 0.47% of Ecovyst worth $4,178,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ECVT. 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 valued at $41,000 after acquiring an additional 1,721 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Ecovyst by 19.8% in the second quarter. The Manufacturers Life Insurance Company now owns 59,633 shares of the company’s stock valued at $535,000 after purchasing an additional 9,840 shares during the period. Algert Global LLC purchased a new stake in shares of Ecovyst during the 2nd quarter valued at approximately $106,000. Capstone Investment Advisors LLC bought a new stake in Ecovyst during the 3rd quarter valued at $86,000. Finally, MBB Public Markets I LLC purchased a new stake in Ecovyst during the 2nd quarter worth about $133,000. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

Ecovyst Trading Up 0.2 %

ECVT stock opened at $7.88 on Monday. Ecovyst Inc. has a one year low of $6.02 and a one year high of $11.35. The company has a market capitalization of $917.52 million, a PE ratio of 17.12, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05. The company’s 50 day moving average price is $7.81 and its two-hundred day moving average price is $7.50. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54.

Analysts Set New Price Targets

ECVT has been the topic of several recent analyst reports. BWS Financial reiterated a “buy” rating and issued a $12.00 target price on shares of Ecovyst in a research note on Wednesday, December 4th. Citigroup boosted their target price on Ecovyst from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, BMO Capital Markets raised their target price on shares of Ecovyst from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd.

About Ecovyst

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.