Ecovyst Inc. (NYSE:ECVT) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp lowered its position in Ecovyst Inc. (NYSE:ECVT) by 91.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,500 shares of the company’s stock after selling 172,959 shares during the quarter. King Luther Capital Management Corp’s holdings in Ecovyst were worth $126,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Spire Wealth Management increased its position in Ecovyst by 72.9% during the fourth quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock worth $34,000 after buying an additional 1,896 shares during the period. Capstone Investment Advisors LLC purchased a new stake in Ecovyst in the 3rd quarter valued at $86,000. Quantinno Capital Management LP acquired a new stake in Ecovyst during the 3rd quarter worth $123,000. Proficio Capital Partners LLC acquired a new stake in Ecovyst during the 4th quarter worth $139,000. Finally, EP Wealth Advisors LLC purchased a new position in Ecovyst during the 3rd quarter worth $177,000. 86.69% of the stock is owned by hedge funds and other institutional investors.

Ecovyst Trading Up 2.8 %

NYSE ECVT opened at $6.77 on Friday. Ecovyst Inc. has a one year low of $6.02 and a one year high of $11.35. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54. The firm has a market capitalization of $793.99 million, a price-to-earnings ratio of 14.71, a PEG ratio of 1.04 and a beta of 1.04. The company’s 50 day moving average price is $7.62 and its 200 day moving average price is $7.37.

Analyst Ratings Changes

ECVT has been the subject of several recent research reports. BWS Financial reiterated a “buy” rating and set a $12.00 target price on shares of Ecovyst in a research note on Friday, February 28th. Citigroup boosted their target price on Ecovyst from $8.00 to $9.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, BMO Capital Markets decreased their price target on Ecovyst from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Monday, March 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.