Arq, Inc. $ARQ Shares Sold by AIGH Capital Management LLC

AIGH Capital Management LLC lessened its stake in shares of Arq, Inc. (NASDAQ:ARQ) by 4.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,654,486 shares of the company’s stock after selling 115,792 shares during the period. ARQ comprises approximately 6.4% of AIGH Capital Management LLC’s investment portfolio, making the stock its 4th largest holding. AIGH Capital Management LLC owned 0.06% of ARQ worth $14,255,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of New York Mellon Corp raised its holdings in ARQ by 6.0% during the first quarter. Bank of New York Mellon Corp now owns 139,325 shares of the company’s stock worth $581,000 after acquiring an additional 7,897 shares in the last quarter. Gabelli Funds LLC raised its holdings in ARQ by 27.8% during the first quarter. Gabelli Funds LLC now owns 41,400 shares of the company’s stock worth $173,000 after acquiring an additional 9,000 shares in the last quarter. Walleye Capital LLC bought a new stake in ARQ during the first quarter worth about $44,000. American Century Companies Inc. raised its holdings in ARQ by 36.0% during the first quarter. American Century Companies Inc. now owns 52,642 shares of the company’s stock worth $220,000 after acquiring an additional 13,925 shares in the last quarter. Finally, Avanza Fonder AB raised its holdings in ARQ by 109.4% during the second quarter. Avanza Fonder AB now owns 34,795 shares of the company’s stock worth $187,000 after acquiring an additional 18,180 shares in the last quarter. Institutional investors own 18.49% of the company’s stock.

ARQ Price Performance

ARQ stock opened at $6.70 on Monday. Arq, Inc. has a 12 month low of $3.34 and a 12 month high of $8.11. The stock’s 50 day moving average is $7.18 and its 200-day moving average is $5.64. The company has a current ratio of 1.10, a quick ratio of 0.65 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $286.02 million, a price-to-earnings ratio of -167.50 and a beta of 1.92.

ARQ (NASDAQ:ARQ) last posted its earnings results on Monday, August 11th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). ARQ had a negative return on equity of 0.07% and a negative net margin of 1.40%.The company had revenue of $28.58 million for the quarter, compared to the consensus estimate of $25.56 million. Equities research analysts expect that Arq, Inc. will post -0.13 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on ARQ shares. Wall Street Zen upgraded ARQ from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Craig Hallum started coverage on ARQ in a research note on Tuesday, July 15th. They issued a “buy” rating and a $10.00 price objective on the stock. Canaccord Genuity Group upped their price objective on ARQ from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Fearnley Fonds upgraded ARQ to a “strong-buy” rating in a research note on Friday, June 27th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of ARQ in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.00.

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.