Nuveen LLC Acquires Shares of 200,366 Arq, Inc. $ARQ

Nuveen LLC acquired a new position in shares of Arq, Inc. (NASDAQ:ARQ - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 200,366 shares of the company's stock, valued at approximately $836,000. Nuveen LLC owned about 0.47% of ARQ at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. DCF Advisers LLC purchased a new stake in ARQ in the first quarter valued at $473,000. Bank of New York Mellon Corp raised its holdings in shares of ARQ by 6.0% in the first quarter. Bank of New York Mellon Corp now owns 139,325 shares of the company's stock valued at $581,000 after buying an additional 7,897 shares during the last quarter. Avanza Fonder AB raised its holdings in shares of ARQ by 84.6% in the first quarter. Avanza Fonder AB now owns 16,615 shares of the company's stock valued at $70,000 after buying an additional 7,615 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of ARQ in the fourth quarter valued at about $793,000. Finally, York Capital Management Global Advisors LLC raised its holdings in shares of ARQ by 6.6% in the fourth quarter. York Capital Management Global Advisors LLC now owns 442,959 shares of the company's stock valued at $3,353,000 after buying an additional 27,324 shares during the last quarter. 18.49% of the stock is owned by hedge funds and other institutional investors.

ARQ Trading Down 1.7%

NASDAQ ARQ traded down $0.12 during mid-day trading on Friday, reaching $7.08. 308,511 shares of the stock were exchanged, compared to its average volume of 335,105. Arq, Inc. has a 1-year low of $3.34 and a 1-year high of $8.11. The business's fifty day simple moving average is $6.39 and its 200 day simple moving average is $5.15. The stock has a market capitalization of $302.25 million, a PE ratio of -177.00 and a beta of 1.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.65 and a current ratio of 1.10.

ARQ (NASDAQ:ARQ - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.01). The firm had revenue of $28.58 million for the quarter, compared to analyst estimates of $25.56 million. ARQ had a negative net margin of 1.40% and a negative return on equity of 0.07%. On average, research analysts anticipate that Arq, Inc. will post -0.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.