Arrowstreet Capital Limited Partnership Invests $301,000 in Arq, Inc. (NASDAQ:ARQ)

Arrowstreet Capital Limited Partnership acquired a new position in shares of Arq, Inc. (NASDAQ:ARQ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 39,746 shares of the company’s stock, valued at approximately $301,000. Arrowstreet Capital Limited Partnership owned approximately 0.09% of ARQ at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Avanza Fonder AB purchased a new position in shares of ARQ in the 4th quarter valued at approximately $68,000. Intech Investment Management LLC purchased a new stake in shares of ARQ in the 4th quarter worth about $89,000. SG Americas Securities LLC acquired a new stake in shares of ARQ in the fourth quarter valued at approximately $95,000. Jane Street Group LLC raised its holdings in shares of ARQ by 130.6% in the third quarter. Jane Street Group LLC now owns 30,436 shares of the company’s stock worth $179,000 after acquiring an additional 17,240 shares during the last quarter. Finally, Barclays PLC lifted its holdings in ARQ by 286.9% in the 3rd quarter. Barclays PLC now owns 33,350 shares of the company’s stock valued at $196,000 after purchasing an additional 24,731 shares in the last quarter. 18.49% of the stock is owned by hedge funds and other institutional investors.

ARQ Price Performance

ARQ opened at $3.57 on Monday. The company has a 50 day moving average of $4.87 and a two-hundred day moving average of $5.98. Arq, Inc. has a 52-week low of $3.40 and a 52-week high of $8.26. The company has a quick ratio of 2.28, a current ratio of 2.89 and a debt-to-equity ratio of 0.08. The company has a market cap of $149.99 million, a P/E ratio of -357.00 and a beta of 1.46.

ARQ (NASDAQ:ARQ) last issued its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. The company had revenue of $27.04 million for the quarter, compared to analysts’ expectations of $28.34 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. On average, analysts expect that Arq, Inc. will post -0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their price objective on ARQ from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th.

Insider Activity

In other ARQ news, CTO Joseph M. Wong sold 6,596 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $4.68, for a total value of $30,869.28. Following the transaction, the chief technology officer now directly owns 354,790 shares of the company’s stock, valued at $1,660,417.20. This represents a 1.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders sold 20,588 shares of company stock worth $96,352. 26.87% of the stock is currently owned by company insiders.

About ARQ

Arq, Inc is a holding company. It engages in the provision of environmental and emission control equipment to the power generation industry. The company operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes the Tinuum Group, Tinuum Services, and GWN Manager.