Arq, Inc. (NASDAQ:ARQ) Position Trimmed by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. trimmed its stake in Arq, Inc. (NASDAQ:ARQ - Free Report) by 15.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 1.32% of ARQ worth $4,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Northern Trust Corp grew its holdings in shares of ARQ by 14.6% during the 4th quarter. Northern Trust Corp now owns 230,315 shares of the company's stock valued at $1,743,000 after acquiring an additional 29,427 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in ARQ during the fourth quarter valued at $79,000. MetLife Investment Management LLC grew its stake in ARQ by 361.1% in the fourth quarter. MetLife Investment Management LLC now owns 16,120 shares of the company's stock valued at $122,000 after purchasing an additional 12,624 shares in the last quarter. Dimensional Fund Advisors LP increased its position in ARQ by 65.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 449,312 shares of the company's stock worth $3,401,000 after purchasing an additional 177,550 shares during the last quarter. Finally, 1492 Capital Management LLC raised its stake in shares of ARQ by 152.7% during the 4th quarter. 1492 Capital Management LLC now owns 388,633 shares of the company's stock worth $2,942,000 after purchasing an additional 234,832 shares in the last quarter. 18.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ARQ

In related news, CTO Joseph M. Wong sold 6,596 shares of the firm'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 transaction, the chief technology officer now directly owns 354,790 shares in the company, valued at approximately $1,660,417.20. This trade represents a 1.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 20,588 shares of company stock worth $96,352 over the last 90 days. Insiders own 26.87% of the company's stock.

Wall Street Analyst Weigh In

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

ARQ Stock Down 2.6 %

ARQ stock opened at $4.12 on Tuesday. The firm has a market cap of $173.92 million, a PE ratio of -412.00 and a beta of 1.51. Arq, Inc. has a 1 year low of $3.34 and a 1 year high of $8.17. The company has a fifty day simple moving average of $4.21 and a 200 day simple moving average of $5.78. 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 (NASDAQ:ARQ - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. The company had revenue of $27.04 million during the quarter, compared to the consensus estimate of $28.34 million. During the same quarter in the prior year, the company posted $0.14 EPS. Sell-side analysts anticipate that Arq, Inc. will post -0.13 EPS 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.

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