Nuveen LLC Takes $836,000 Position in Arq, Inc. $ARQ

Nuveen LLC bought a new stake in shares of Arq, Inc. (NASDAQ:ARQ) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 200,366 shares of the company’s stock, valued at approximately $836,000. Nuveen LLC owned 0.47% of ARQ at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in ARQ. Price T Rowe Associates Inc. MD purchased a new stake in shares of ARQ during the fourth quarter valued at about $79,000. Maven Securities LTD acquired a new position in ARQ in the 4th quarter worth approximately $114,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of ARQ by 14.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,695 shares of the company’s stock worth $119,000 after purchasing an additional 1,998 shares during the period. MetLife Investment Management LLC grew its stake in shares of ARQ by 361.1% during the 4th quarter. MetLife Investment Management LLC now owns 16,120 shares of the company’s stock worth $122,000 after purchasing an additional 12,624 shares during the period. Finally, Avanza Fonder AB grew its stake in shares of ARQ by 84.6% during the 1st quarter. Avanza Fonder AB now owns 16,615 shares of the company’s stock worth $70,000 after purchasing an additional 7,615 shares during the period. 18.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Craig Hallum assumed coverage on ARQ in a research report on Tuesday, July 15th. They set a “buy” rating and a $10.00 target price on the stock. Wall Street Zen lowered ARQ from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Fearnley Fonds raised ARQ to a “strong-buy” rating in a research report on Friday, June 27th. Finally, Canaccord Genuity Group raised their price objective on ARQ from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $10.00.

ARQ Price Performance

Shares of NASDAQ ARQ opened at $7.30 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.65 and a debt-to-equity ratio of 0.04. Arq, Inc. has a twelve month low of $3.34 and a twelve month high of $8.11. The stock has a 50 day moving average of $6.27 and a two-hundred day moving average of $5.13. The stock has a market cap of $311.64 million, a P/E ratio of -182.50 and a beta of 1.90.

ARQ (NASDAQ:ARQ) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). ARQ had a negative return on equity of 0.07% and a negative net margin of 1.40%.The company had revenue of $28.58 million during the quarter, compared to analysts’ expectations of $25.56 million. On average, research analysts forecast that Arq, Inc. will post -0.13 earnings per share for the current year.

ARQ Company Profile

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.