EntryPoint Capital LLC Makes New $186,000 Investment in Ecovyst Inc. (NYSE:ECVT)

EntryPoint Capital LLC bought a new stake in shares of Ecovyst Inc. (NYSE:ECVT) in the fourth quarter, Holdings Channel.com reports. The fund bought 24,380 shares of the company’s stock, valued at approximately $186,000.

A number of other hedge funds have also recently made changes to their positions in ECVT. Hotchkis & Wiley Capital Management LLC lifted its holdings in Ecovyst by 27.3% during the 3rd 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 in the last quarter. Vanguard Group Inc. increased its position in shares of Ecovyst by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 10,926,133 shares of the company’s stock worth $83,476,000 after acquiring an additional 56,142 shares during the period. William Blair Investment Management LLC raised its stake in shares of Ecovyst by 1.9% during the fourth quarter. William Blair Investment Management LLC now owns 3,601,346 shares of the company’s stock valued at $27,514,000 after acquiring an additional 67,338 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ecovyst by 2.3% in the third quarter. Geode Capital Management LLC now owns 2,535,792 shares of the company’s stock valued at $17,374,000 after purchasing an additional 55,884 shares during the period. Finally, State Street Corp grew its stake in Ecovyst by 1.4% in the third quarter. State Street Corp now owns 2,426,509 shares of the company’s stock worth $16,622,000 after purchasing an additional 33,292 shares in the last quarter. 86.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ECVT has been the subject of a number of research analyst reports. Citigroup lifted their target price on Ecovyst from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. BWS Financial restated a “buy” rating and issued a $12.00 price objective on shares of Ecovyst in a report on Friday, February 28th. Finally, BMO Capital Markets dropped their target price on shares of Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd.

Ecovyst Stock Down 3.6 %

Shares of NYSE ECVT opened at $6.31 on Friday. The stock has a market capitalization of $740.00 million, a PE ratio of 13.71, a price-to-earnings-growth ratio of 1.04 and a beta of 1.04. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17. Ecovyst Inc. has a 12-month low of $6.02 and a 12-month high of $11.21. The stock’s fifty day simple moving average is $7.41 and its two-hundred day simple moving average is $7.35.

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.