Arq, Inc. (NASDAQ:ARQ) Shares Bought by York Capital Management Global Advisors LLC

York Capital Management Global Advisors LLC raised its holdings in Arq, Inc. (NASDAQ:ARQ) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 442,959 shares of the company’s stock after acquiring an additional 27,324 shares during the quarter. ARQ accounts for about 8.0% of York Capital Management Global Advisors LLC’s portfolio, making the stock its 2nd biggest holding. York Capital Management Global Advisors LLC’s holdings in ARQ were worth $3,353,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Avanza Fonder AB purchased a new stake in ARQ during the fourth quarter valued at about $68,000. Price T Rowe Associates Inc. MD purchased a new stake in ARQ during the fourth quarter valued at about $79,000. Intech Investment Management LLC purchased a new stake in ARQ during the fourth quarter valued at about $89,000. SG Americas Securities LLC purchased a new stake in ARQ during the fourth quarter valued at about $95,000. Finally, Maven Securities LTD purchased a new stake in ARQ during the fourth quarter valued at about $114,000. 18.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reduced their price objective on shares of ARQ from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, May 8th.

ARQ Price Performance

NASDAQ ARQ opened at $4.43 on Tuesday. The company has a 50 day simple moving average of $4.03 and a 200-day simple moving average of $5.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 2.28. The firm has a market capitalization of $186.99 million, a price-to-earnings ratio of -443.00 and a beta of 1.51. Arq, Inc. has a 52-week low of $3.34 and a 52-week high of $8.11.

ARQ (NASDAQ:ARQ) last posted its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03). The business had revenue of $27.04 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $0.14 earnings per share. Equities research analysts predict that Arq, Inc. will post -0.13 earnings per share for the current fiscal year.

Insider Transactions at ARQ

In other ARQ news, CEO Robert E. Rasmus acquired 12,535 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The shares were purchased at an average price of $3.93 per share, with a total value of $49,262.55. Following the completion of the transaction, the chief executive officer now owns 20,718 shares in the company, valued at $81,421.74. The trade was a 153.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Joseph M. Wong sold 6,596 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $4.68, for a total transaction of $30,869.28. Following the transaction, the chief technology officer now directly owns 354,790 shares in the company, valued at approximately $1,660,417.20. The trade was a 1.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders purchased 15,856 shares of company stock valued at $62,555 and sold 20,588 shares valued at $96,352. 26.87% of the stock is owned by 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.