Cornercap Investment Counsel Inc. Boosts Stock Position in Ecovyst Inc. (NYSE:ECVT)

Cornercap Investment Counsel Inc. lifted its position in Ecovyst Inc. (NYSE:ECVT) by 51.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,036 shares of the company’s stock after purchasing an additional 26,093 shares during the quarter. Cornercap Investment Counsel Inc. owned 0.07% of Ecovyst worth $528,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. boosted its holdings in Ecovyst by 41.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 71,599 shares of the company’s stock valued at $490,000 after acquiring an additional 21,147 shares during the period. GSA Capital Partners LLP purchased a new stake in Ecovyst during the 3rd quarter valued at about $349,000. Easterly Investment Partners LLC boosted its holdings in Ecovyst by 56.1% during the 3rd quarter. Easterly Investment Partners LLC now owns 155,296 shares of the company’s stock valued at $1,064,000 after acquiring an additional 55,836 shares during the period. Harbor Capital Advisors Inc. boosted 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 valued at $12,031,000 after acquiring an additional 805,128 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Ecovyst by 1.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,152,089 shares of the company’s stock valued at $35,292,000 after acquiring an additional 49,413 shares during the period. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Ecovyst Stock Up 0.6 %

Shares of NYSE:ECVT opened at $8.16 on Friday. Ecovyst Inc. has a 52-week low of $6.02 and a 52-week high of $11.35. The firm has a market capitalization of $950.72 million, a P/E ratio of 17.74, a P/E/G ratio of 1.83 and a beta of 1.01. The stock has a 50 day moving average price of $6.87 and a 200-day moving average price of $8.00. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54.

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.