Arq, Inc. (NASDAQ:ARQ) Stock Holdings Cut by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. lowered its stake in Arq, Inc. (NASDAQ:ARQ - Free Report) by 15.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 555,500 shares of the company's stock after selling 100,000 shares during the quarter. Alyeska Investment Group L.P. owned about 1.32% of ARQ worth $4,205,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of ARQ. Avanza Fonder AB acquired a new stake in ARQ in the fourth quarter valued at approximately $68,000. Price T Rowe Associates Inc. MD purchased a new position in shares of ARQ in the fourth quarter valued at $79,000. Intech Investment Management LLC purchased a new stake in ARQ during the 4th quarter worth $89,000. SG Americas Securities LLC acquired a new position in ARQ in the 4th quarter worth $95,000. Finally, Brandywine Global Investment Management LLC purchased a new position in ARQ in the 4th quarter valued at about $121,000. 18.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their price target on ARQ from $9.00 to $8.00 and set a "buy" rating for the company in a report on Thursday.

ARQ Stock Up 9.6 %

NASDAQ ARQ traded up $0.34 during trading hours on Friday, reaching $3.90. 246,592 shares of the company traded hands, compared to its average volume of 259,055. The stock has a market capitalization of $164.63 million, a PE ratio of -390.00 and a beta of 1.51. The company has a current ratio of 2.89, a quick ratio of 2.28 and a debt-to-equity ratio of 0.08. Arq, Inc. has a 12 month low of $3.34 and a 12 month high of $8.11. The company has a 50 day moving average of $4.12 and a two-hundred day moving average of $5.73.

ARQ (NASDAQ:ARQ - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter, hitting analysts' consensus estimates of ($0.03). ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. The business had revenue of $27.04 million during the quarter, compared to the consensus estimate of $28.34 million. During the same period last year, the firm earned $0.14 earnings per share. As a group, equities analysts expect that Arq, Inc. will post -0.13 earnings per share for the current year.

Insider Activity at ARQ

In other news, CTO Joseph M. Wong sold 6,596 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $4.68, for a total transaction of $30,869.28. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders have sold 20,588 shares of company stock valued at $96,352. Corporate insiders own 26.87% of the company's stock.

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.