Marshall Wace LLP Has $1.62 Million Stock Position in Arq, Inc. (NASDAQ:ARQ)

Marshall Wace LLP lifted its stake in shares of Arq, Inc. (NASDAQ:ARQ) by 670.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 213,400 shares of the company’s stock after buying an additional 185,700 shares during the period. Marshall Wace LLP’s holdings in ARQ were worth $1,615,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Invesco Ltd. boosted its stake in ARQ by 3,981.1% in the fourth quarter. Invesco Ltd. now owns 708,324 shares of the company’s stock valued at $5,362,000 after buying an additional 690,968 shares in the last quarter. Geode Capital Management LLC boosted its stake in ARQ by 11.4% in the fourth quarter. Geode Capital Management LLC now owns 664,430 shares of the company’s stock valued at $5,031,000 after buying an additional 67,962 shares in the last quarter. State Street Corp boosted its stake in shares of ARQ by 19.6% during the third quarter. State Street Corp now owns 394,751 shares of the company’s stock valued at $2,317,000 after purchasing an additional 64,595 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of ARQ by 128.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,119 shares of the company’s stock worth $1,129,000 after purchasing an additional 83,784 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of ARQ by 956.7% in the fourth quarter. JPMorgan Chase & Co. now owns 114,735 shares of the company’s stock valued at $869,000 after buying an additional 103,877 shares during the period. 18.49% of the stock is owned by institutional investors and hedge funds.

ARQ Trading Up 0.8 %

ARQ opened at $3.68 on Tuesday. Arq, Inc. has a fifty-two week low of $3.34 and a fifty-two week high of $8.26. 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 $155.35 million, a price-to-earnings ratio of -368.00 and a beta of 1.46. The company’s 50 day moving average price is $4.36 and its two-hundred day moving average price is $5.84.

ARQ (NASDAQ:ARQ) last posted its earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). ARQ had a negative net margin of 0.44% and a negative return on equity of 0.25%. The firm had revenue of $27.04 million for the quarter, compared to analyst estimates of $28.34 million. During the same period in the previous year, the firm posted $0.14 EPS. As a group, research analysts predict that Arq, Inc. will post -0.13 earnings per share for the current year.

Insiders Place Their Bets

In other news, CTO Joseph M. Wong sold 6,596 shares of the company’s stock in a transaction 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 sale, the chief technology officer now directly owns 354,790 shares of the company’s stock, valued at approximately $1,660,417.20. This represents a 1.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 20,588 shares of company stock valued at $96,352 in the last ninety days. 26.87% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

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.