Arq, Inc. (NASDAQ:ARQ) Stock Holdings Raised by 1492 Capital Management LLC

1492 Capital Management LLC lifted its stake in shares of Arq, Inc. (NASDAQ:ARQ) by 152.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 388,633 shares of the company’s stock after purchasing an additional 234,832 shares during the period. ARQ comprises about 1.4% of 1492 Capital Management LLC’s investment portfolio, making the stock its 29th biggest holding. 1492 Capital Management LLC owned about 0.92% of ARQ worth $2,942,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Marshall Wace LLP increased its stake in ARQ by 670.4% during the fourth quarter. Marshall Wace LLP now owns 213,400 shares of the company’s stock valued at $1,615,000 after purchasing an additional 185,700 shares during the last quarter. Jump Financial LLC bought a new stake in shares of ARQ during the 4th quarter valued at about $194,000. XTX Topco Ltd acquired a new stake in ARQ during the fourth quarter worth about $190,000. Barclays PLC lifted its holdings in ARQ by 26.9% in the fourth quarter. Barclays PLC now owns 42,313 shares of the company’s stock worth $320,000 after acquiring an additional 8,963 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in ARQ in the fourth quarter worth about $633,000. 18.49% of the stock is owned by institutional investors.

ARQ Stock Up 3.0 %

ARQ stock opened at $3.74 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. Arq, Inc. has a one year low of $3.40 and a one year high of $8.26. The company has a 50-day simple moving average of $4.67 and a 200-day simple moving average of $5.92. The firm has a market capitalization of $157.13 million, a P/E ratio of -374.00 and a beta of 1.46.

ARQ (NASDAQ:ARQ) last posted its earnings results on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $27.04 million during the quarter, compared to analysts’ expectations 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 EPS. As a group, equities analysts expect that Arq, Inc. will post -0.13 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Activity at ARQ

In related news, CTO Joseph M. Wong sold 6,596 shares of the 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 completion of the transaction, the chief technology officer now owns 354,790 shares in the company, valued at $1,660,417.20. This represents a 1.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 20,588 shares of company stock worth $96,352 in the last three months. 26.87% of the stock is 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.