ARC Document Solutions (NYSE:ARC) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of ARC Document Solutions (NYSE:ARC) in a research report released on Saturday. The firm issued a strong-buy rating on the business services provider’s stock.

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

ARC Document Solutions Trading Down 0.3 %

NYSE:ARC opened at $3.37 on Friday. The company has a market cap of $145.79 million, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 1.20 and a beta of 1.13. ARC Document Solutions has a twelve month low of $2.56 and a twelve month high of $3.44. The business has a 50 day moving average price of $3.38 and a two-hundred day moving average price of $3.03. 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 (NYSE:ARC) last released 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 business had revenue of $75.11 million for the quarter, compared to the consensus estimate of $72.60 million. ARC Document Solutions had a return on equity of 7.29% and a net margin of 2.76%. As a group, analysts expect that ARC Document Solutions will post 0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On ARC Document Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp boosted its position 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 valued at $91,000 after acquiring an additional 4,519 shares during the period. Ritholtz Wealth Management increased its holdings in shares of ARC Document Solutions by 16.3% during the second quarter. Ritholtz Wealth Management now owns 55,586 shares of the business services provider’s stock worth $147,000 after purchasing an additional 7,805 shares during the period. Heron Bay Capital Management raised its position in shares of ARC Document Solutions by 29.6% in the first quarter. Heron Bay Capital Management now owns 60,601 shares of the business services provider’s stock valued at $168,000 after buying an additional 13,837 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its position in 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 buying an additional 32,487 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in ARC Document Solutions by 28.0% during the 1st quarter. First Eagle Investment Management LLC now owns 134,965 shares of the business services provider’s stock worth $374,000 after acquiring an additional 29,500 shares during the period. 48.93% of the stock is currently owned by institutional investors and hedge funds.

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.