11,729 Shares in Arq, Inc. (NASDAQ:ARQ) Acquired by Intech Investment Management LLC

Intech Investment Management LLC acquired a new stake in Arq, Inc. (NASDAQ:ARQ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,729 shares of the company’s stock, valued at approximately $89,000.

A number of other institutional investors have also recently bought and sold shares of ARQ. Geode Capital Management LLC boosted its position 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 worth $3,502,000 after purchasing an additional 4,545 shares during the last quarter. State Street Corp raised its position in shares of ARQ by 19.6% in the 3rd quarter. State Street Corp now owns 394,751 shares of the company’s stock valued at $2,317,000 after acquiring an additional 64,595 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in ARQ by 128.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,119 shares of the company’s stock worth $1,129,000 after acquiring an additional 83,784 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in ARQ by 12.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 79,646 shares of the company’s stock worth $603,000 after purchasing an additional 8,909 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of ARQ in the 3rd quarter valued at $217,000. Institutional investors and hedge funds own 18.49% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reduced their target price on ARQ from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th.

Insider Buying and Selling at ARQ

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 transaction of $30,869.28. Following the completion of the transaction, the chief technology officer now 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 20,588 shares of company stock valued at $96,352 in the last 90 days. 26.87% of the stock is currently owned by company insiders.

ARQ Price Performance

NASDAQ ARQ opened at $4.33 on Friday. 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 stock has a market cap of $181.92 million, a price-to-earnings ratio of -433.00 and a beta of 1.47. The business has a 50 day simple moving average of $5.55 and a 200 day simple moving average of $6.16. Arq, Inc. has a 52-week low of $4.01 and a 52-week high of $8.26.

ARQ (NASDAQ:ARQ) last issued its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). The company had revenue of $27.04 million during the quarter, compared to the consensus estimate of $28.34 million. ARQ had a negative net margin of 0.44% and a negative return on equity of 0.25%. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Analysts anticipate that Arq, Inc. will post -0.13 earnings per share for the current fiscal year.

ARQ 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.