Amplius Wealth Advisors LLC Has $140,000 Stock Holdings in Ecovyst Inc. (NYSE:ECVT)

Amplius Wealth Advisors LLC reduced its position in shares of Ecovyst Inc. (NYSE:ECVT) by 49.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quarry LP boosted its stake in Ecovyst by 61.2% in the second quarter. Quarry LP now owns 4,533 shares of the company’s stock valued at $41,000 after buying an additional 1,721 shares in the last quarter. Algert Global LLC bought a new stake in shares of Ecovyst during the 2nd quarter valued at approximately $106,000. Capstone Investment Advisors LLC acquired a new stake in shares of Ecovyst during the 3rd quarter valued at $86,000. MBB Public Markets I LLC acquired a new position in Ecovyst in the 2nd quarter valued at approximately $133,000. Finally, Quantinno Capital Management LP bought a new position in Ecovyst during the third quarter worth $123,000. 86.69% of the stock is currently owned by institutional investors.

Ecovyst Stock Performance

Shares of Ecovyst stock opened at $7.88 on Tuesday. Ecovyst Inc. has a 52 week low of $6.02 and a 52 week high of $11.35. 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 has a 50 day moving average price of $7.80 and a 200-day moving average price of $7.49. The company has a market cap of $917.52 million, a PE ratio of 17.12, a price-to-earnings-growth ratio of 1.06 and a beta of 1.05.

Wall Street Analyst Weigh In

Several brokerages recently commented on ECVT. BWS Financial restated a “buy” rating and set a $12.00 target price on shares of Ecovyst in a research report on Wednesday, December 4th. BMO Capital Markets raised their price objective on Ecovyst from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Citigroup upped their target price on Ecovyst from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th.

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.