Cornercap Investment Counsel Inc. Buys 26,093 Shares of Ecovyst Inc. (NYSE:ECVT)

Cornercap Investment Counsel Inc. boosted its stake in shares of Ecovyst Inc. (NYSE:ECVT) by 51.2% in the third quarter, Holdings Channel reports. The institutional investor owned 77,036 shares of the company’s stock after purchasing an additional 26,093 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Ecovyst were worth $528,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in shares of Ecovyst by 3.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,210,855 shares of the company’s stock worth $55,711,000 after purchasing an additional 234,824 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Ecovyst by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,152,089 shares of the company’s stock worth $35,292,000 after buying an additional 49,413 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of Ecovyst by 3.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 5,026,022 shares of the company’s stock worth $56,040,000 after buying an additional 178,001 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Ecovyst by 84.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,756,363 shares of the company’s stock worth $12,031,000 after buying an additional 805,128 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in shares of Ecovyst by 20.4% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,729,796 shares of the company’s stock worth $15,516,000 after buying an additional 292,637 shares during the last quarter. Institutional investors own 86.69% of the company’s stock.

Ecovyst Price Performance

NYSE:ECVT opened at $8.16 on Friday. 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 business’s 50-day simple moving average is $6.87 and its two-hundred day simple moving average is $8.00. The stock has a market cap of $950.72 million, a PE ratio of 17.74, a P/E/G ratio of 1.83 and a beta of 1.01. Ecovyst Inc. has a 52 week low of $6.02 and a 52 week high of $11.35.

Wall Street Analyst Weigh In

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