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

Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Arq, Inc. (NASDAQ:ARQ) by 128.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 149,119 shares of the company’s stock after acquiring an additional 83,784 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in ARQ were worth $1,129,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its position in shares of ARQ by 12.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 79,646 shares of the company’s stock valued at $603,000 after acquiring an additional 8,909 shares during the period. SG Americas Securities LLC bought a new stake in shares of ARQ during the 4th quarter valued at $95,000. Avanza Fonder AB bought a new stake in shares of ARQ during the 4th quarter valued at $68,000. Virtu Financial LLC bought a new stake in shares of ARQ during the 3rd quarter valued at $217,000. Finally, Barclays PLC raised its holdings in shares of ARQ by 286.9% during the 3rd quarter. Barclays PLC now owns 33,350 shares of the company’s stock worth $196,000 after buying an additional 24,731 shares in the last quarter. 18.49% of the stock is currently owned by institutional investors.

ARQ Price Performance

ARQ stock opened at $4.83 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.28 and a current ratio of 2.89. Arq, Inc. has a 52 week low of $4.01 and a 52 week high of $8.26. The stock has a market capitalization of $202.93 million, a P/E ratio of -483.00 and a beta of 1.47. The stock has a fifty day moving average of $5.73 and a 200-day moving average of $6.22.

ARQ (NASDAQ:ARQ) last issued its earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share (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 quarter in the prior year, the firm earned $0.14 EPS. On average, sell-side analysts expect that Arq, Inc. will post -0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lowered their price target on ARQ from $10.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, February 11th.

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.