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

JPMorgan Chase & Co. decreased its position in shares of Arq, Inc. (NASDAQ:ARQ) by 77.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,858 shares of the company’s stock after selling 38,198 shares during the quarter. JPMorgan Chase & Co.’s holdings in ARQ were worth $64,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP bought a new stake in shares of ARQ in the 2nd quarter valued at approximately $1,524,000. State Street Corp grew its holdings in shares of ARQ by 19.6% during the third quarter. State Street Corp now owns 394,751 shares of the company’s stock worth $2,317,000 after purchasing an additional 64,595 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of ARQ during the second quarter worth $285,000. Virtu Financial LLC bought a new position in ARQ in the third quarter valued at about $217,000. Finally, Barclays PLC boosted its holdings in ARQ by 286.9% in the third quarter. Barclays PLC now owns 33,350 shares of the company’s stock valued at $196,000 after acquiring an additional 24,731 shares during the last quarter. Institutional investors and hedge funds own 18.49% of the company’s stock.

ARQ Price Performance

Shares of NASDAQ:ARQ opened at $6.21 on Tuesday. The company has a current ratio of 2.89, a quick ratio of 2.28 and a debt-to-equity ratio of 0.08. Arq, Inc. has a 12 month low of $2.70 and a 12 month high of $8.26. The stock has a market cap of $261.02 million, a P/E ratio of -621.00 and a beta of 1.50. The company has a 50 day moving average of $6.94 and a 200 day moving average of $6.43.

ARQ (NASDAQ:ARQ) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $34.77 million for the quarter, compared to the consensus estimate of $30.60 million. ARQ had a negative net margin of 0.44% and a negative return on equity of 0.25%. During the same quarter in the prior year, the company earned ($0.07) earnings per share. As a group, sell-side analysts forecast that Arq, Inc. will post -0.13 EPS for the current fiscal year.

Analyst Ratings Changes

ARQ has been the topic of several recent research reports. Canaccord Genuity Group initiated coverage on shares of ARQ in a research note on Tuesday, November 19th. They issued a “buy” rating and a $10.00 price target on the stock. Canaccord Genuity Group began coverage on shares of ARQ in a research report on Tuesday, November 19th. They issued a “buy” rating and a $10.00 price target for the company.

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.