Sei Investments Co. Sells 9,841 Shares of Ecovyst Inc. (NYSE:ECVT)

Sei Investments Co. reduced its position in shares of Ecovyst Inc. (NYSE:ECVT) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 213,435 shares of the company’s stock after selling 9,841 shares during the period. Sei Investments Co.’s holdings in Ecovyst were worth $1,631,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Spire Wealth Management lifted its position in shares of Ecovyst by 72.9% during the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock worth $34,000 after buying an additional 1,896 shares in the last quarter. Cibc World Markets Corp bought a new stake in Ecovyst during the fourth quarter worth $83,000. Virtu Financial LLC bought a new stake in Ecovyst during the fourth quarter worth $119,000. Quantinno Capital Management LP purchased a new position in Ecovyst in the third quarter worth $123,000. Finally, Proficio Capital Partners LLC bought a new position in Ecovyst in the 4th quarter valued at $139,000. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

Ecovyst Price Performance

Shares of NYSE:ECVT opened at $5.58 on Monday. The company’s fifty day moving average is $7.23 and its 200 day moving average is $7.34. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. Ecovyst Inc. has a 52 week low of $5.38 and a 52 week high of $10.86. The stock has a market cap of $654.32 million, a PE ratio of 12.12, a PEG ratio of 1.04 and a beta of 1.02.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ECVT shares. BMO Capital Markets reduced their price target 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 raised their price target 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, BWS Financial reiterated a “buy” rating and issued a $12.00 price objective on shares of Ecovyst in a research note on Friday, February 28th.

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.