Maven Securities LTD Has $335,000 Holdings in Arq, Inc. $ARQ

Key Points

• Maven Securities LTD increased its stake in Arq, Inc. by 436.1% during the first quarter, now owning 80,421 shares valued at $335,000.
• Insider transactions indicate confidence in the company, with Directors Richard Campbell-Breeden and Jeremy Blank purchasing a combined 125,000 shares recently, increasing their positions significantly.
• Analysts have a consensus rating of "Buy" for ARQ shares, with price targets set at $10.00 by several firms.

Maven Securities LTD boosted its holdings in shares of Arq, Inc. (NASDAQ:ARQ - Free Report) by 436.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 80,421 shares of the company's stock after acquiring an additional 65,421 shares during the quarter. Maven Securities LTD owned 0.19% of ARQ worth $335,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ARQ. Invesco Ltd. boosted its position in ARQ by 3,981.1% during the 4th quarter. Invesco Ltd. now owns 708,324 shares of the company's stock worth $5,362,000 after acquiring an additional 690,968 shares during the period. Wellington Management Group LLP lifted its holdings in shares of ARQ by 568.9% during the 1st quarter. Wellington Management Group LLP now owns 700,600 shares of the company's stock valued at $2,922,000 after buying an additional 595,855 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of ARQ by 838.8% during the 4th quarter. Nuveen Asset Management LLC now owns 313,616 shares of the company's stock valued at $2,374,000 after buying an additional 280,210 shares during the last quarter. Nuveen LLC acquired a new stake in shares of ARQ during the 1st quarter valued at about $836,000. Finally, Marshall Wace LLP lifted its holdings in shares of ARQ by 670.4% during the 4th quarter. Marshall Wace LLP now owns 213,400 shares of the company's stock valued at $1,615,000 after buying an additional 185,700 shares during the last quarter. 18.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ARQ shares. Craig Hallum started coverage on ARQ in a report on Tuesday, July 15th. They set a "buy" rating and a $10.00 price target for the company. Fearnley Fonds upgraded ARQ to a "strong-buy" rating in a report on Friday, June 27th. Wall Street Zen lowered ARQ from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Finally, Canaccord Genuity Group lifted their price target on ARQ from $8.00 to $10.00 and gave the company a "buy" rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $10.00.

ARQ Stock Performance

ARQ traded up $0.08 on Monday, hitting $7.47. The company had a trading volume of 50,308 shares, compared to its average volume of 254,384. The company's fifty day moving average price is $5.92 and its 200 day moving average price is $5.05. Arq, Inc. has a 1-year low of $3.34 and a 1-year high of $8.11. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.10 and a quick ratio of 0.65. The stock has a market cap of $318.89 million, a price-to-earnings ratio of -186.83 and a beta of 1.78.

ARQ (NASDAQ:ARQ - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported ($0.01) earnings per share for the quarter, hitting 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 firm had revenue of $28.58 million during the quarter, compared to analyst estimates of $25.56 million. Equities analysts predict that Arq, Inc. will post -0.13 earnings per share for the current fiscal 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.