228,564 Shares in Arq, Inc. $ARQ Purchased by Peapod Lane Capital LLC

Peapod Lane Capital LLC acquired a new position in shares of Arq, Inc. (NASDAQ:ARQ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 228,564 shares of the company’s stock, valued at approximately $747,000. Peapod Lane Capital LLC owned about 0.54% of ARQ as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its position in shares of ARQ by 13.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,739 shares of the company’s stock worth $63,000 after purchasing an additional 1,413 shares during the last quarter. AlphaQuest LLC acquired a new position in shares of ARQ during the 3rd quarter worth about $83,000. Algert Global LLC acquired a new position in shares of ARQ during the 3rd quarter worth about $84,000. Jane Street Group LLC acquired a new position in shares of ARQ during the 2nd quarter worth about $93,000. Finally, AXQ Capital LP acquired a new position in shares of ARQ during the 3rd quarter worth about $96,000. Institutional investors and hedge funds own 18.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Zacks Research raised ARQ from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of ARQ in a research report on Monday. Finally, Canaccord Genuity Group cut their price objective on ARQ from $7.50 to $5.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $7.50.

ARQ Trading Up 3.1%

ARQ stock opened at $2.30 on Friday. Arq, Inc. has a 1-year low of $1.54 and a 1-year high of $7.89. The firm has a market cap of $98.62 million, a P/E ratio of -1.81 and a beta of 2.08. The business’s 50 day moving average is $2.64 and its 200-day moving average is $3.77. The company has a current ratio of 1.04, a quick ratio of 0.66 and a debt-to-equity ratio of 0.05.

ARQ (NASDAQ:ARQ) last released its quarterly earnings data on Monday, March 9th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). ARQ had a negative net margin of 43.72% and a negative return on equity of 1.99%. The company had revenue of $29.43 million during the quarter, compared to the consensus estimate of $28.59 million. Equities analysts anticipate that Arq, Inc. will post 0.04 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. The Advanced Purification Technologies segment refers to the sale of Activated Carbon Injection and Dry Sorbent Injection equipment systems, chemical sales, consulting services, and other sales related to the reduction of emissions in the coal-fired electric generation process and the electric utility industry.