Royce & Associates LP Boosts Stake in Arq, Inc. $ARQ

Royce & Associates LP raised its stake in shares of Arq, Inc. (NASDAQ:ARQ) by 168.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,373,444 shares of the company’s stock after buying an additional 862,525 shares during the quarter. Royce & Associates LP owned about 3.22% of ARQ worth $9,834,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its position in shares of ARQ by 13.7% in the second quarter. The Manufacturers Life Insurance Company now owns 11,739 shares of the company’s stock valued at $63,000 after acquiring an additional 1,413 shares in the last quarter. Nisa Investment Advisors LLC purchased a new position in ARQ in the 2nd quarter valued at about $25,000. American Century Companies Inc. lifted its holdings in ARQ by 16.6% in the 2nd quarter. American Century Companies Inc. now owns 61,364 shares of the company’s stock valued at $330,000 after purchasing an additional 8,722 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of ARQ during the 3rd quarter worth about $83,000. Finally, AXQ Capital LP purchased a new stake in shares of ARQ during the third quarter worth about $96,000. 18.49% of the stock is owned by institutional investors and hedge funds.

ARQ Price Performance

ARQ stock opened at $3.48 on Wednesday. Arq, Inc. has a 1 year low of $3.18 and a 1 year high of $7.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.71 and a current ratio of 1.10. The firm has a 50 day moving average price of $3.56 and a 200 day moving average price of $5.00. The company has a market cap of $148.56 million, a price-to-earnings ratio of -34.80 and a beta of 1.96.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ARQ shares. Weiss Ratings reissued a “sell (d-)” rating on shares of ARQ in a research report on Wednesday, January 21st. Zacks Research raised shares of ARQ from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Wall Street Zen downgraded ARQ from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Canaccord Genuity Group set a $7.50 price objective on ARQ in a report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, ARQ has a consensus rating of “Moderate Buy” and an average price target of $8.75.

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.