Cove Street Capital LLC Has $3.75 Million Stock Position in Ecovyst Inc. (NYSE:ECVT)

Cove Street Capital LLC decreased its position in shares of Ecovyst Inc. (NYSE:ECVT) by 24.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 491,560 shares of the company’s stock after selling 156,319 shares during the quarter. Ecovyst comprises approximately 4.4% of Cove Street Capital LLC’s investment portfolio, making the stock its 4th biggest holding. Cove Street Capital LLC’s holdings in Ecovyst were worth $3,753,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Ecovyst by 27.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 12,852,925 shares of the company’s stock valued at $88,043,000 after buying an additional 2,753,470 shares during the period. Western Standard LLC acquired a new position in Ecovyst in the 3rd quarter worth $4,782,000. Boston Partners increased its holdings in Ecovyst by 30.2% during the 4th quarter. Boston Partners now owns 2,401,811 shares of the company’s stock worth $18,405,000 after purchasing an additional 557,249 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Ecovyst in the 4th quarter valued at about $2,706,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Ecovyst by 13.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 2,000,444 shares of the company’s stock valued at $15,283,000 after purchasing an additional 244,081 shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

Ecovyst Trading Down 3.6 %

NYSE ECVT opened at $6.31 on Friday. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17. The stock has a 50 day moving average of $7.41 and a 200-day moving average of $7.35. The company has a market cap of $740.00 million, a PE ratio of 13.71, a PEG ratio of 1.04 and a beta of 1.04. Ecovyst Inc. has a 12 month low of $6.02 and a 12 month high of $11.21.

Analyst Ratings Changes

A number of research analysts recently issued reports on ECVT shares. BMO Capital Markets decreased their price objective on Ecovyst from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Citigroup raised their price target on shares of Ecovyst from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, BWS Financial reissued a “buy” rating and issued a $12.00 price objective on shares of Ecovyst in a research report on Friday, February 28th.

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.