260,570 Shares in Arq, Inc. $ARQ Acquired by DCF Advisers LLC

DCF Advisers LLC bought a new position in shares of Arq, Inc. (NASDAQ:ARQ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 260,570 shares of the company’s stock, valued at approximately $852,000. DCF Advisers LLC owned approximately 0.61% of ARQ as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its holdings in ARQ by 13.7% during the second quarter. The Manufacturers Life Insurance Company now owns 11,739 shares of the company’s stock worth $63,000 after buying an additional 1,413 shares in the last quarter. Geode Capital Management LLC boosted its stake in ARQ by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 778,142 shares of the company’s stock worth $2,545,000 after purchasing an additional 3,505 shares during the period. Gabelli Funds LLC boosted its stake in ARQ by 17.9% in the 3rd quarter. Gabelli Funds LLC now owns 50,000 shares of the company’s stock worth $358,000 after purchasing an additional 7,600 shares during the period. American Century Companies Inc. boosted its stake in ARQ by 16.6% in the 2nd quarter. American Century Companies Inc. now owns 61,364 shares of the company’s stock worth $330,000 after purchasing an additional 8,722 shares during the period. Finally, Verition Fund Management LLC lifted its holdings in shares of ARQ by 65.3% in the third quarter. Verition Fund Management LLC now owns 25,522 shares of the company’s stock valued at $183,000 after purchasing an additional 10,084 shares in the last quarter. 18.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Canaccord Genuity Group decreased their target price on ARQ from $7.50 to $5.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th. Wall Street Zen raised ARQ from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of ARQ in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.50.

ARQ Trading Down 0.7%

NASDAQ:ARQ opened at $2.67 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.02 and a quick ratio of 0.58. Arq, Inc. has a fifty-two week low of $1.54 and a fifty-two week high of $7.89. The stock’s 50-day moving average is $2.46 and its two-hundred day moving average is $3.01. The stock has a market cap of $114.62 million, a PE ratio of -2.07 and a beta of 1.99.

ARQ (NASDAQ:ARQ) last issued its earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). The company had revenue of $29.05 million during the quarter, compared to analyst estimates of $27.75 million. ARQ had a negative net margin of 43.93% and a negative return on equity of 2.67%. As a group, equities research analysts forecast that Arq, Inc. will post 0.05 earnings per share 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. The Advanced Purification Technologies segment refers to the sale of Activated Carbon Injection and Dry Sorbent Injection equipment systems, chemical sales, consulting services, and other sales related to the reduction of emissions in the coal-fired electric generation process and the electric utility industry.