Shell Asset Management Co. continued to hold its stake in shares of ARC Document Solutions, Inc. (NYSE:ARC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,929 shares of the business services provider’s stock at the end of the 2nd quarter. Shell Asset Management Co. owned approximately 0.12% of ARC Document Solutions worth $229,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Blair William & Co. IL grew its stake in shares of ARC Document Solutions by 1.8% in the first quarter. Blair William & Co. IL now owns 28,516 shares of the business services provider’s stock worth $115,000 after acquiring an additional 500 shares during the period. Eagle Global Advisors LLC bought a new stake in ARC Document Solutions during the first quarter valued at approximately $127,000. Perkins Capital Management Inc. grew its position in ARC Document Solutions by 47.2% during the first quarter. Perkins Capital Management Inc. now owns 43,416 shares of the business services provider’s stock valued at $150,000 after buying an additional 13,916 shares during the period. TFS Capital LLC grew its position in ARC Document Solutions by 322.4% during the first quarter. TFS Capital LLC now owns 51,694 shares of the business services provider’s stock valued at $178,000 after buying an additional 39,455 shares during the period. Finally, SG Americas Securities LLC purchased a new position in ARC Document Solutions during the first quarter valued at approximately $208,000. 70.72% of the stock is owned by institutional investors.
Shares of ARC Document Solutions, Inc. (ARC) traded up 2.20% during mid-day trading on Tuesday, hitting $3.71. The company had a trading volume of 89,534 shares. The company has a market cap of $172.29 million, a PE ratio of 15.59 and a beta of 2.52. The firm has a 50-day moving average of $3.71 and a 200-day moving average of $3.84. ARC Document Solutions, Inc. has a 12 month low of $3.17 and a 12 month high of $5.55.
ARC Document Solutions (NYSE:ARC) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. ARC Document Solutions had a return on equity of 7.00% and a net margin of 2.72%. The firm had revenue of $102.30 million for the quarter, compared to the consensus estimate of $100.74 million. During the same quarter in the prior year, the business earned $0.10 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, analysts expect that ARC Document Solutions, Inc. will post $0.22 EPS for the current year.
Several equities analysts have recently commented on ARC shares. Raymond James Financial, Inc. upgraded shares of ARC Document Solutions from an “outperform” rating to a “strong-buy” rating in a research report on Thursday, July 6th. TheStreet raised shares of ARC Document Solutions from a “d+” rating to a “c” rating in a research note on Tuesday, August 1st. Finally, B. Riley reaffirmed a “buy” rating and issued a $5.25 price objective on shares of ARC Document Solutions in a research note on Sunday, August 6th.
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ARC Document Solutions Company Profile
ARC Document Solutions, Inc (ARC) is a document solutions provider for the architectural, engineering and construction (AEC) industry. The Company also provides document solutions to businesses of various types. ARC’s offerings include managed print services (MPS), offsite services, archive and information management (AIM), specialized color printing, Web-based document management applications, digital shipping/managed file transfer, and equipment and supplies sales.
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