Ecovyst Inc. (NYSE:ECVT) is Medina Value Partners LLC’s 5th Largest Position

Medina Value Partners LLC grew its holdings in shares of Ecovyst Inc. (NYSE:ECVT) by 44.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,742,233 shares of the company’s stock after purchasing an additional 840,495 shares during the quarter. Ecovyst makes up about 8.6% of Medina Value Partners LLC’s investment portfolio, making the stock its 5th biggest position. Medina Value Partners LLC owned 2.35% of Ecovyst worth $20,951,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Ecovyst by 198.1% during the 3rd quarter. Barclays PLC now owns 178,032 shares of the company’s stock worth $1,220,000 after buying an additional 118,303 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Ecovyst in the 4th quarter valued at about $139,000. Harbor Capital Advisors Inc. grew its holdings in shares of Ecovyst by 13.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 2,000,444 shares of the company’s stock worth $15,283,000 after purchasing an additional 244,081 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Ecovyst by 11.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,903,148 shares of the company’s stock worth $14,540,000 after purchasing an additional 198,817 shares during the period. Finally, State Street Corp increased its position in Ecovyst by 1.4% during the 3rd quarter. State Street Corp now owns 2,426,509 shares of the company’s stock worth $16,622,000 after purchasing an additional 33,292 shares in the last quarter. 86.69% of the stock is owned by institutional investors and hedge funds.

Ecovyst Stock Down 1.0 %

Shares of Ecovyst stock opened at $5.84 on Thursday. Ecovyst Inc. has a 1-year low of $5.24 and a 1-year high of $10.57. The company has a market capitalization of $685.53 million, a PE ratio of 12.70, a P/E/G ratio of 1.04 and a beta of 1.02. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06. The business has a 50-day moving average of $6.81 and a 200-day moving average of $7.26.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ECVT shares. Citigroup boosted their price objective 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. BWS Financial reaffirmed a “buy” rating and set a $12.00 price target on shares of Ecovyst in a research report on Friday, February 28th. Finally, BMO Capital Markets cut their price objective on Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd.

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.