Intech Investment Management LLC Invests $89,000 in Arq, Inc. (NASDAQ:ARQ)

Intech Investment Management LLC bought a new stake in Arq, Inc. (NASDAQ:ARQ) during the fourth quarter, HoldingsChannel.com reports. The fund bought 11,729 shares of the company’s stock, valued at approximately $89,000.

Several other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC bought a new position in ARQ during the fourth quarter worth $95,000. Geode Capital Management LLC lifted its stake in shares of ARQ by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 596,468 shares of the company’s stock worth $3,502,000 after buying an additional 4,545 shares during the last quarter. Barclays PLC boosted its holdings in shares of ARQ by 286.9% during the 3rd quarter. Barclays PLC now owns 33,350 shares of the company’s stock worth $196,000 after buying an additional 24,731 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in ARQ by 128.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,119 shares of the company’s stock valued at $1,129,000 after acquiring an additional 83,784 shares during the period. Finally, State Street Corp lifted its position in ARQ by 19.6% during the third quarter. State Street Corp now owns 394,751 shares of the company’s stock worth $2,317,000 after acquiring an additional 64,595 shares during the last quarter. 18.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity at ARQ

In related news, CTO Joseph M. Wong sold 6,596 shares of ARQ stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $4.68, for a total value of $30,869.28. Following the transaction, the chief technology officer now directly owns 354,790 shares of the company’s stock, valued at $1,660,417.20. This trade represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 20,588 shares of company stock valued at $96,352 over the last quarter. 26.87% of the stock is owned by corporate 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 firm has a market cap of $181.92 million, a price-to-earnings ratio of -433.00 and a beta of 1.47. The firm’s 50-day simple moving average is $5.55 and its 200 day simple moving average is $6.16. Arq, Inc. has a 52 week low of $4.01 and a 52 week high of $8.26.

ARQ (NASDAQ:ARQ) last announced its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) earnings per share for the quarter, meeting 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 return on equity of 0.25% and a negative net margin of 0.44%. During the same period in the previous year, the firm earned $0.14 EPS. As a group, sell-side analysts predict that Arq, Inc. will post -0.13 earnings per share for the current year.

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.