Marshall Wace LLP Acquires 185,700 Shares of Arq, Inc. (NASDAQ:ARQ)

Marshall Wace LLP lifted its stake in shares of Arq, Inc. (NASDAQ:ARQ - Free Report) by 670.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 213,400 shares of the company's stock after purchasing an additional 185,700 shares during the period. Marshall Wace LLP owned 0.51% of ARQ worth $1,615,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Avanza Fonder AB bought a new stake in shares of ARQ in the fourth quarter valued at $68,000. Intech Investment Management LLC bought a new stake in ARQ in the 4th quarter valued at about $89,000. SG Americas Securities LLC purchased a new stake in ARQ during the fourth quarter valued at about $95,000. Brandywine Global Investment Management LLC bought a new position in ARQ during the fourth quarter worth about $121,000. Finally, Wells Fargo & Company MN raised its position in shares of ARQ by 66.9% in the fourth quarter. Wells Fargo & Company MN now owns 18,209 shares of the company's stock valued at $138,000 after purchasing an additional 7,298 shares during the period. Institutional investors own 18.49% of the company's stock.

ARQ Price Performance

NASDAQ:ARQ traded up $0.42 during mid-day trading on Friday, hitting $4.23. 237,820 shares of the stock traded hands, compared to its average volume of 257,455. The business's 50-day moving average price is $4.24 and its 200 day moving average price is $5.79. The company has a quick ratio of 2.28, a current ratio of 2.89 and a debt-to-equity ratio of 0.08. The company has a market cap of $178.57 million, a PE ratio of -423.00 and a beta of 1.46. Arq, Inc. has a 12-month low of $3.34 and a 12-month high of $8.17.

ARQ (NASDAQ:ARQ - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) earnings per share (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 company had revenue of $27.04 million for the quarter, compared to the consensus estimate of $28.34 million. During the same quarter last year, the business posted $0.14 earnings per share. On average, analysts expect that Arq, Inc. will post -0.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Transactions at ARQ

In other ARQ news, CTO Joseph M. Wong sold 6,596 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $4.68, for a total transaction of $30,869.28. Following the sale, the chief technology officer now owns 354,790 shares in the company, valued at $1,660,417.20. This trade represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 20,588 shares of company stock valued at $96,352. 26.87% of the stock is owned by corporate insiders.

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.