Voss Capital LP Invests $3.97 Million in Ecovyst Inc. (NYSE:ECVT)

Voss Capital LP bought a new position in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 519,682 shares of the company's stock, valued at approximately $3,970,000. Voss Capital LP owned about 0.45% of Ecovyst at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Tower Research Capital LLC TRC raised its stake in Ecovyst by 705.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 20,211 shares of the company's stock worth $154,000 after acquiring an additional 17,701 shares in the last quarter. MetLife Investment Management LLC lifted its stake in shares of Ecovyst by 11.8% in the 4th quarter. MetLife Investment Management LLC now owns 67,954 shares of the company's stock valued at $519,000 after acquiring an additional 7,165 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Ecovyst by 51.6% during the 4th quarter. First Trust Advisors LP now owns 607,257 shares of the company's stock valued at $4,639,000 after acquiring an additional 206,643 shares in the last quarter. Medina Value Partners LLC increased its holdings in Ecovyst by 44.2% in the 4th quarter. Medina Value Partners LLC now owns 2,742,233 shares of the company's stock worth $20,951,000 after purchasing an additional 840,495 shares in the last quarter. Finally, Marshall Wace LLP raised its position in Ecovyst by 23.4% in the fourth quarter. Marshall Wace LLP now owns 29,000 shares of the company's stock valued at $222,000 after purchasing an additional 5,500 shares during the last quarter. Institutional investors own 86.69% of the company's stock.

Ecovyst Stock Down 0.2 %

NYSE ECVT traded down $0.01 on Friday, reaching $5.86. The company had a trading volume of 959,302 shares, compared to its average volume of 924,248. 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 company's fifty day moving average is $6.48 and its 200 day moving average is $7.22. Ecovyst Inc. has a 52-week low of $5.24 and a 52-week high of $10.57. The stock has a market capitalization of $687.88 million, a P/E ratio of 12.74, a P/E/G ratio of 1.04 and a beta of 1.02.

Analysts Set New Price Targets

ECVT has been the topic of a number of analyst reports. BMO Capital Markets reduced their price target on Ecovyst from $11.00 to $9.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. BWS Financial restated a "buy" rating and issued a $12.00 price target on shares of Ecovyst in a report 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.