Arq, Inc. (NASDAQ:ARQ) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in Arq, Inc. (NASDAQ:ARQ - Free Report) by 956.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,735 shares of the company's stock after buying an additional 103,877 shares during the period. JPMorgan Chase & Co. owned about 0.27% of ARQ worth $869,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC grew its position in shares of ARQ by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 596,468 shares of the company's stock valued at $3,502,000 after buying an additional 4,545 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of ARQ by 12.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 79,646 shares of the company's stock worth $603,000 after purchasing an additional 8,909 shares in the last quarter. Avanza Fonder AB purchased a new stake in shares of ARQ in the 4th quarter valued at about $68,000. American Century Companies Inc. boosted its position in shares of ARQ by 32.3% in the 4th quarter. American Century Companies Inc. now owns 38,717 shares of the company's stock valued at $293,000 after purchasing an additional 9,442 shares during the period. Finally, Intech Investment Management LLC purchased a new position in ARQ during the 4th quarter worth approximately $89,000. 18.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ARQ

In related news, CTO Joseph M. Wong sold 6,596 shares of ARQ 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 $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 at the SEC website. Insiders sold 20,588 shares of company stock worth $96,352 over the last 90 days. 26.87% of the stock is currently owned by insiders.

ARQ Stock Performance

NASDAQ ARQ traded up $0.42 during trading on Friday, reaching $4.23. The company's stock had a trading volume of 237,820 shares, compared to its average volume of 257,760. The business's fifty day moving average price is $4.24 and its 200-day moving average price is $5.79. Arq, Inc. has a twelve month low of $3.34 and a twelve month high of $8.17. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.28 and a current ratio of 2.89. The firm has a market cap of $178.57 million, a price-to-earnings ratio of -423.00 and a beta of 1.46.

ARQ (NASDAQ:ARQ - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting 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 firm had revenue of $27.04 million for the quarter, compared to analysts' expectations of $28.34 million. During the same quarter in the previous year, the firm posted $0.14 EPS. As a group, analysts anticipate that Arq, Inc. will post -0.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their price objective on ARQ from $10.00 to $9.00 and set a "buy" rating for the company in a research note 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.