Connor Clark & Lunn Investment Management Ltd. Purchases 83,784 Shares of Arq, Inc. (NASDAQ:ARQ)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Arq, Inc. (NASDAQ:ARQ - Free Report) by 128.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,119 shares of the company's stock after acquiring an additional 83,784 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.35% of ARQ worth $1,129,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Firsthand Capital Management Inc. acquired a new stake in ARQ in the 3rd quarter valued at about $40,000. Avanza Fonder AB acquired a new stake in shares of ARQ in the fourth quarter valued at approximately $68,000. SG Americas Securities LLC bought a new position in ARQ in the 4th quarter worth approximately $95,000. Jane Street Group LLC lifted its holdings in ARQ by 130.6% during the 3rd quarter. Jane Street Group LLC now owns 30,436 shares of the company's stock worth $179,000 after buying an additional 17,240 shares in the last quarter. Finally, Barclays PLC boosted its position in ARQ by 286.9% in the 3rd quarter. Barclays PLC now owns 33,350 shares of the company's stock valued at $196,000 after buying an additional 24,731 shares during the last quarter. 18.49% of the stock is owned by institutional investors and hedge funds.

ARQ Trading Down 1.1 %

ARQ stock traded down $0.05 during midday trading on Monday, reaching $4.63. The company's stock had a trading volume of 126,356 shares, compared to its average volume of 268,718. The business's 50-day simple moving average is $5.70 and its 200-day simple moving average is $6.20. The stock has a market cap of $194.52 million, a PE ratio of -463.00 and a beta of 1.47. Arq, Inc. has a 52 week low of $4.01 and a 52 week high of $8.26. The company has a quick ratio of 2.28, a current ratio of 2.89 and a debt-to-equity ratio of 0.08.

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ARQ (NASDAQ:ARQ - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) 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 business had revenue of $27.04 million during the quarter, compared to analysts' expectations of $28.34 million. During the same period in the previous year, the firm earned $0.14 earnings per share. As a group, sell-side analysts expect that Arq, Inc. will post -0.13 EPS for the current year.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group cut their price target on ARQ from $10.00 to $9.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th.

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.