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

Stock analysts at StockNews.com assumed coverage on shares of ARC Document Solutions (NYSE:ARC) in a report issued on Sunday. The brokerage set a “strong-buy” rating on the business services provider’s stock.

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

ARC Document Solutions Stock Performance

ARC Document Solutions stock opened at $3.37 on Friday. The firm has a market cap of $145.79 million, a P/E ratio of 30.64, a P/E/G ratio of 1.52 and a beta of 1.13. ARC Document Solutions has a 1-year low of $2.56 and a 1-year high of $3.44. The firm has a 50-day moving average of $3.38 and a 200-day moving average of $3.04. The company has a current ratio of 1.49, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33.

ARC Document Solutions (NYSE:ARC) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The business had revenue of $75.11 million during the quarter, compared to analyst estimates of $72.60 million. ARC Document Solutions had a net margin of 1.61% and a return on equity of 5.28%. Sell-side analysts expect that ARC Document Solutions will post 0.19 EPS for the current year.

Institutional Trading of ARC Document Solutions

A number of hedge funds have recently bought and sold shares of ARC. Empowered Funds LLC boosted its holdings in ARC Document Solutions by 8.2% during the 1st quarter. Empowered Funds LLC now owns 224,634 shares of the business services provider’s stock valued at $622,000 after acquiring an additional 16,975 shares during the period. Redhawk Wealth Advisors Inc. grew its holdings in shares of ARC Document Solutions by 80.7% during the second quarter. Redhawk Wealth Advisors Inc. now owns 72,752 shares of the business services provider’s stock worth $192,000 after purchasing an additional 32,487 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of ARC Document Solutions by 1.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,858,142 shares of the business services provider’s stock valued at $7,545,000 after acquiring an additional 48,245 shares during the period. First Eagle Investment Management LLC increased its stake in ARC Document Solutions by 62.0% in the second quarter. First Eagle Investment Management LLC now owns 218,673 shares of the business services provider’s stock valued at $577,000 after purchasing an additional 83,708 shares during the period. Finally, Heron Bay Capital Management grew its stake in shares of ARC Document Solutions by 54.2% in the 2nd quarter. Heron Bay Capital Management now owns 93,471 shares of the business services provider’s stock valued at $247,000 after purchasing an additional 32,870 shares during the last quarter. Institutional investors and hedge funds own 48.93% of the company’s stock.

ARC Document Solutions Company Profile

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.