Barclays PLC Acquires 24,731 Shares of Arq, Inc. (NASDAQ:ARQ)

Barclays PLC grew its holdings in shares of Arq, Inc. (NASDAQ:ARQ) by 286.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,350 shares of the company’s stock after acquiring an additional 24,731 shares during the period. Barclays PLC owned about 0.08% of ARQ worth $196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

Several analysts have commented on ARQ shares. 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 target on the stock. Canaccord Genuity Group assumed coverage on shares of ARQ in a research report on Tuesday, November 19th. They set a “buy” rating and a $10.00 target price on the stock.

ARQ Stock Up 2.2 %

Shares of NASDAQ ARQ opened at $6.84 on Wednesday. The firm’s 50-day moving average price is $7.11 and its 200-day moving average price is $6.41. The company has a current ratio of 2.89, a quick ratio of 2.28 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $287.49 million, a price-to-earnings ratio of -684.00 and a beta of 1.50. Arq, Inc. has a 12-month low of $2.70 and a 12-month high of $8.26.

ARQ (NASDAQ:ARQ) last announced its earnings results on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $34.77 million for the quarter, compared to analysts’ expectations 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 posted ($0.07) earnings per share. On average, equities research analysts anticipate that Arq, Inc. will post -0.13 EPS 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.