28,428 Shares in Arq, Inc. (NASDAQ:ARQ) Bought by Cerity Partners LLC

Cerity Partners LLC purchased a new stake in shares of Arq, Inc. (NASDAQ:ARQ) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 28,428 shares of the company’s stock, valued at approximately $215,000. Cerity Partners LLC owned about 0.07% of ARQ as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. State Street Corp raised its holdings in shares of ARQ by 19.6% during the third quarter. State Street Corp now owns 394,751 shares of the company’s stock worth $2,317,000 after purchasing an additional 64,595 shares during the last quarter. Jane Street Group LLC grew its position in ARQ by 130.6% during the 3rd quarter. Jane Street Group LLC now owns 30,436 shares of the company’s stock worth $179,000 after purchasing an additional 17,240 shares during the period. Barclays PLC raised its stake in shares of ARQ by 286.9% during the 3rd quarter. Barclays PLC now owns 33,350 shares of the company’s stock valued at $196,000 after buying an additional 24,731 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of ARQ by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 596,468 shares of the company’s stock valued at $3,502,000 after buying an additional 4,545 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of ARQ in the 3rd quarter valued at about $217,000. 18.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reduced their price target 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 Transactions at ARQ

In other news, CTO Joseph M. Wong sold 6,596 shares of ARQ stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $4.68, for a total value of $30,869.28. Following the sale, the chief technology officer now owns 354,790 shares in the company, valued at $1,660,417.20. This trade represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 20,588 shares of company stock valued at $96,352 in the last three months. 26.87% of the stock is currently owned by company insiders.

ARQ Stock Performance

Shares of NASDAQ ARQ opened at $3.68 on Friday. The company has a market capitalization of $155.35 million, a PE ratio of -368.00 and a beta of 1.46. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.28 and a current ratio of 2.89. The company’s fifty day moving average price is $4.44 and its 200 day moving average price is $5.85. Arq, Inc. has a 1 year low of $3.34 and a 1 year high of $8.26.

ARQ (NASDAQ:ARQ) last announced its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. The firm had revenue of $27.04 million during the quarter, compared to analyst estimates of $28.34 million. During the same quarter in the previous year, the business earned $0.14 EPS. On average, research analysts predict that Arq, Inc. will post -0.13 earnings per share for the current year.

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.