Arq, Inc. $ARQ Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. reduced its position in shares of Arq, Inc. (NASDAQ:ARQ) by 74.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,522 shares of the company’s stock after selling 101,417 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in ARQ were worth $185,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in ARQ by 568.9% during the 1st quarter. Wellington Management Group LLP now owns 700,600 shares of the company’s stock worth $2,922,000 after acquiring an additional 595,855 shares in the last quarter. Nuveen LLC acquired a new stake in shares of ARQ during the first quarter worth about $836,000. DCF Advisers LLC acquired a new stake in shares of ARQ during the first quarter worth about $473,000. Maven Securities LTD boosted its stake in shares of ARQ by 436.1% in the first quarter. Maven Securities LTD now owns 80,421 shares of the company’s stock valued at $335,000 after purchasing an additional 65,421 shares during the period. Finally, Avanza Fonder AB grew its holdings in shares of ARQ by 109.4% in the second quarter. Avanza Fonder AB now owns 34,795 shares of the company’s stock valued at $187,000 after purchasing an additional 18,180 shares in the last quarter. Hedge funds and other institutional investors own 18.49% of the company’s stock.

Insider Activity at ARQ

In related news, Director Richard Campbell-Breeden purchased 28,638 shares of ARQ stock in a transaction that occurred on Tuesday, November 11th. The stock was purchased at an average cost of $3.54 per share, with a total value of $101,378.52. Following the completion of the transaction, the director directly owned 254,786 shares in the company, valued at approximately $901,942.44. The trade was a 12.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert E. Rasmus acquired 50,000 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was bought at an average price of $3.79 per share, with a total value of $189,500.00. Following the purchase, the chief executive officer directly owned 70,718 shares of the company’s stock, valued at $268,021.22. This represents a 241.34% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 23.89% of the stock is currently owned by insiders.

ARQ Trading Up 6.1%

NASDAQ:ARQ opened at $3.50 on Friday. Arq, Inc. has a 1 year low of $3.27 and a 1 year high of $8.07. The stock has a market cap of $149.43 million, a P/E ratio of -87.50 and a beta of 1.96. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.65 and a current ratio of 1.10. The stock has a 50-day simple moving average of $6.17 and a 200-day simple moving average of $5.89.

ARQ (NASDAQ:ARQ) last posted its earnings results on Wednesday, November 5th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). ARQ had a negative return on equity of 0.07% and a negative net margin of 1.40%. As a group, analysts anticipate that Arq, Inc. will post -0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ARQ. Canaccord Genuity Group reduced their target price on shares of ARQ from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Wall Street Zen lowered ARQ from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Zacks Research downgraded ARQ from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ARQ in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.00.

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.