Amplius Wealth Advisors LLC Sells 18,000 Shares of Ecovyst Inc. (NYSE:ECVT)

Amplius Wealth Advisors LLC cut its holdings in Ecovyst Inc. (NYSE:ECVT) by 49.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 18,288 shares of the company’s stock after selling 18,000 shares during the period. Amplius Wealth Advisors LLC’s holdings in Ecovyst were worth $140,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC raised its position in Ecovyst by 27.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 12,852,925 shares of the company’s stock worth $88,043,000 after acquiring an additional 2,753,470 shares during the period. Dimensional Fund Advisors LP raised 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 during the period. Allspring Global Investments Holdings LLC lifted its stake in Ecovyst by 1.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,152,089 shares of the company’s stock valued at $35,292,000 after purchasing an additional 49,413 shares during the last quarter. Geode Capital Management LLC grew its holdings in Ecovyst by 2.3% during 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 increased its position 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 buying an additional 33,292 shares during the last quarter. 86.69% of the stock is owned by hedge funds and other institutional investors.

Ecovyst Trading Up 0.2 %

Shares of ECVT opened at $7.88 on Tuesday. Ecovyst Inc. has a twelve month low of $6.02 and a twelve month high of $11.35. The stock has a market cap of $917.52 million, a PE ratio of 17.12, a P/E/G ratio of 1.06 and a beta of 1.05. 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 moving average price is $7.80 and its 200-day moving average price is $7.49.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ECVT shares. BWS Financial reaffirmed a “buy” rating and set a $12.00 price target on shares of Ecovyst in a research report on Wednesday, December 4th. Citigroup lifted their target price 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, BMO Capital Markets upped their price target on shares of Ecovyst from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Tuesday, December 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.