ARC Document Solutions (NYSE:ARC) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of ARC Document Solutions (NYSE:ARC) in a report issued on Thursday. The firm 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 note on Wednesday, August 21st.

ARC Document Solutions Stock Performance

Shares of ARC Document Solutions stock opened at $3.39 on Thursday. The stock has a market capitalization of $146.65 million, a P/E ratio of 30.82, a P/E/G ratio of 1.53 and a beta of 1.13. ARC Document Solutions has a 52-week low of $2.56 and a 52-week high of $3.44. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.37 and a current ratio of 1.49. The stock’s 50-day simple moving average is $3.39 and its 200 day simple moving average is $3.14.

Institutional Trading of ARC Document Solutions

Institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its position in ARC Document Solutions by 1.7% during the second quarter. Renaissance Technologies LLC now owns 2,858,142 shares of the business services provider’s stock valued at $7,545,000 after purchasing an additional 48,245 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of ARC Document Solutions by 5.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,550,606 shares of the business services provider’s stock valued at $4,094,000 after buying an additional 83,795 shares in the last quarter. Empowered Funds LLC lifted its position in ARC Document Solutions by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 255,092 shares of the business services provider’s stock worth $862,000 after buying an additional 12,998 shares during the last quarter. First Eagle Investment Management LLC boosted 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 worth $577,000 after buying an additional 83,708 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new position in ARC Document Solutions during the third quarter valued at approximately $539,000. Hedge funds and other institutional investors 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.