EntryPoint Capital LLC Purchases Shares of 24,380 Ecovyst Inc. (NYSE:ECVT)

EntryPoint Capital LLC acquired a new stake in shares of Ecovyst Inc. (NYSE:ECVT) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 24,380 shares of the company’s stock, valued at approximately $186,000.

A number of other institutional investors have also recently made changes to their positions in the company. Spire Wealth Management boosted its stake in Ecovyst by 72.9% during the fourth quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock valued at $34,000 after buying an additional 1,896 shares during the last quarter. Cibc World Markets Corp purchased a new stake in shares of Ecovyst during the 4th quarter worth approximately $83,000. Capstone Investment Advisors LLC bought a new position in shares of Ecovyst during the 3rd quarter valued at approximately $86,000. Virtu Financial LLC purchased a new position in shares of Ecovyst in the fourth quarter valued at $119,000. Finally, Quantinno Capital Management LP bought a new stake in Ecovyst in the third quarter worth $123,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Ecovyst Trading Down 3.6 %

ECVT stock opened at $6.31 on Friday. Ecovyst Inc. has a twelve month low of $6.02 and a twelve month high of $11.21. The stock has a market capitalization of $740.00 million, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 1.04 and a beta of 1.04. 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 firm’s fifty day simple moving average is $7.41 and its two-hundred day simple moving average is $7.35.

Analyst Ratings Changes

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

Ecovyst 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.