Jane Street Group LLC Acquires 17,240 Shares of Arq, Inc. (NASDAQ:ARQ)

Jane Street Group LLC grew its position in Arq, Inc. (NASDAQ:ARQ) by 130.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,436 shares of the company’s stock after acquiring an additional 17,240 shares during the period. Jane Street Group LLC owned 0.07% of ARQ worth $179,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ARQ. Firsthand Capital Management Inc. bought a new position in shares of ARQ during the third quarter worth $40,000. The Manufacturers Life Insurance Company bought a new stake in ARQ during the 2nd quarter worth about $63,000. Murphy Pohlad Asset Management LLC acquired a new position in shares of ARQ during the 3rd quarter worth about $62,000. XTX Topco Ltd acquired a new position in shares of ARQ during the 2nd quarter worth about $64,000. Finally, Mraz Amerine & Associates Inc. acquired a new position in shares of ARQ during the 3rd quarter worth about $66,000. Institutional investors and hedge funds own 18.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Canaccord Genuity Group began 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 started coverage on shares of ARQ in a research note on Tuesday, November 19th. They issued a “buy” rating and a $10.00 price objective for the company.

ARQ Stock Down 0.2 %

ARQ stock opened at $6.29 on Tuesday. Arq, Inc. has a 1-year low of $2.56 and a 1-year high of $8.26. The firm has a market capitalization of $264.38 million, a price-to-earnings ratio of -629.00 and a beta of 1.50. The firm’s fifty day moving average price is $7.12 and its two-hundred day moving average price is $6.38. 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 (NASDAQ:ARQ) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share 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 period in the previous year, the business earned ($0.07) earnings per share. On average, equities research analysts predict that Arq, Inc. will post -0.13 earnings per share for the current fiscal year.

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.