Medina Value Partners LLC Has $20.95 Million Stock Holdings in Ecovyst Inc. (NYSE:ECVT)

Medina Value Partners LLC lifted its stake in shares of Ecovyst Inc. (NYSE:ECVT) by 44.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,742,233 shares of the company’s stock after buying an additional 840,495 shares during the quarter. Ecovyst accounts for about 8.6% of Medina Value Partners LLC’s holdings, making the stock its 5th biggest holding. Medina Value Partners LLC’s holdings in Ecovyst were worth $20,951,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Ecovyst by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 10,926,133 shares of the company’s stock worth $83,476,000 after acquiring an additional 56,142 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Ecovyst by 1.9% during the fourth quarter. William Blair Investment Management LLC now owns 3,601,346 shares of the company’s stock worth $27,514,000 after purchasing an additional 67,338 shares during the period. Geode Capital Management LLC lifted its position in shares of Ecovyst by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,535,792 shares of the company’s stock worth $17,374,000 after buying an additional 55,884 shares during the last quarter. State Street Corp boosted its holdings in shares of Ecovyst by 1.4% in the 3rd quarter. State Street Corp now owns 2,426,509 shares of the company’s stock valued at $16,622,000 after buying an additional 33,292 shares during the period. Finally, Boston Partners grew its position in shares of Ecovyst by 30.2% during the 4th quarter. Boston Partners now owns 2,401,811 shares of the company’s stock valued at $18,405,000 after buying an additional 557,249 shares during the last quarter. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Ecovyst Stock Performance

ECVT opened at $5.84 on Thursday. Ecovyst Inc. has a fifty-two week low of $5.24 and a fifty-two week high of $10.57. The firm has a market cap 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 quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. The business has a fifty day simple moving average of $6.81 and a 200-day simple moving average of $7.26.

Analyst Ratings Changes

A number of brokerages have issued reports on ECVT. Citigroup raised their target price on shares of Ecovyst from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. BWS Financial restated a “buy” rating and set a $12.00 price objective on shares of Ecovyst in a research report on Friday, February 28th. Finally, BMO Capital Markets dropped their target price 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.