Paloma Partners Management Co Makes New $247,000 Investment in Ecovyst Inc. (NYSE:ECVT)

Paloma Partners Management Co purchased a new stake in shares of Ecovyst Inc. (NYSE:ECVT) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 36,083 shares of the company’s stock, valued at approximately $247,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ECVT. Harbor Capital Advisors Inc. boosted its position in shares of Ecovyst by 84.6% in the third quarter. Harbor Capital Advisors Inc. now owns 1,756,363 shares of the company’s stock valued at $12,031,000 after acquiring an additional 805,128 shares during the period. Foundry Partners LLC purchased a new stake in Ecovyst in the 2nd quarter worth approximately $4,401,000. Thompson Siegel & Walmsley LLC boosted its holdings in Ecovyst by 26.7% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,192,113 shares of the company’s stock valued at $15,016,000 after purchasing an additional 462,317 shares during the period. Empowered Funds LLC purchased a new position in shares of Ecovyst during the 3rd quarter valued at $2,087,000. Finally, Sei Investments Co. increased its holdings in shares of Ecovyst by 57.1% in the second quarter. Sei Investments Co. now owns 818,770 shares of the company’s stock worth $7,344,000 after purchasing an additional 297,594 shares during the period. 86.69% of the stock is currently owned by institutional investors.

Ecovyst Stock Up 0.6 %

Shares of NYSE:ECVT opened at $8.05 on Friday. The firm has a market capitalization of $937.32 million, a PE ratio of 17.49, a price-to-earnings-growth ratio of 1.85 and a beta of 1.06. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54. Ecovyst Inc. has a 52-week low of $6.02 and a 52-week high of $11.35. The firm has a fifty day moving average of $7.30 and a 200 day moving average of $7.85.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. BWS Financial restated a “buy” rating and set a $12.00 target price on shares of Ecovyst in a research report on Wednesday. BMO Capital Markets boosted their price objective on Ecovyst from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Tuesday.

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.