StockNews.com Begins Coverage on ARC Document Solutions (NYSE:ARC)

StockNews.com initiated coverage on shares of ARC Document Solutions (NYSE:ARC) in a note issued to investors on Thursday. The brokerage set a “strong-buy” rating on the business services provider’s stock.

Separately, Singular Research raised ARC Document Solutions to a “strong-buy” rating in a research report on Wednesday, August 21st.

ARC Document Solutions Stock Up 0.6 %

Shares of NYSE ARC opened at $3.42 on Thursday. The firm has a market cap of $147.67 million, a price-to-earnings ratio of 17.10, a PEG ratio of 1.20 and a beta of 1.13. The company has a quick ratio of 1.41, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. ARC Document Solutions has a 52-week low of $2.56 and a 52-week high of $3.42. The business’s 50 day moving average is $3.26 and its two-hundred day moving average is $2.95.

ARC Document Solutions (NYSE:ARC) last announced its earnings results on Wednesday, August 7th. The business services provider reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. The company had revenue of $75.11 million for the quarter, compared to analyst estimates of $72.60 million. ARC Document Solutions had a return on equity of 7.29% and a net margin of 2.76%. Research analysts predict that ARC Document Solutions will post 0.23 EPS for the current year.

Hedge Funds Weigh In On ARC Document Solutions

Several institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp grew its stake in shares of ARC Document Solutions by 15.1% in the second quarter. Mackenzie Financial Corp now owns 34,496 shares of the business services provider’s stock worth $91,000 after acquiring an additional 4,519 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its stake in shares of ARC Document Solutions by 9.7% in the third quarter. Redhawk Wealth Advisors Inc. now owns 79,784 shares of the business services provider’s stock worth $270,000 after acquiring an additional 7,032 shares in the last quarter. Ritholtz Wealth Management grew its stake in shares of ARC Document Solutions by 16.3% in the second quarter. Ritholtz Wealth Management now owns 55,586 shares of the business services provider’s stock worth $147,000 after acquiring an additional 7,805 shares in the last quarter. Mirador Capital Partners LP grew its stake in shares of ARC Document Solutions by 3.0% in the first quarter. Mirador Capital Partners LP now owns 400,151 shares of the business services provider’s stock worth $1,108,000 after acquiring an additional 11,519 shares in the last quarter. Finally, Heron Bay Capital Management grew its stake in shares of ARC Document Solutions by 29.6% during the first quarter. Heron Bay Capital Management now owns 60,601 shares of the business services provider’s stock worth $168,000 after purchasing an additional 13,837 shares in the last quarter. Institutional investors and hedge funds own 48.93% of the company’s stock.

About ARC Document Solutions

ARC Document Solutions, Inc, a digital printing company, provides digital printing and document-related services in the United States. It provides managed print services, that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; and cloud-based document management software and other digital hosting services.