Vanguard Group Inc. Sells 142,591 Shares of ARC Document Solutions Inc (ARC)

Vanguard Group Inc. lessened its holdings in shares of ARC Document Solutions Inc (NYSE:ARC) by 9.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,368,124 shares of the business services provider’s stock after selling 142,591 shares during the quarter. Vanguard Group Inc. owned approximately 2.95% of ARC Document Solutions worth $5,691,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ARC. Ameriprise Financial Inc. boosted its position in shares of ARC Document Solutions by 25.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 672,723 shares of the business services provider’s stock valued at $2,798,000 after acquiring an additional 138,065 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of ARC Document Solutions by 7.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,595,988 shares of the business services provider’s stock valued at $6,639,000 after acquiring an additional 107,235 shares during the last quarter. LSV Asset Management boosted its position in shares of ARC Document Solutions by 26.1% during the 2nd quarter. LSV Asset Management now owns 440,390 shares of the business services provider’s stock valued at $1,832,000 after acquiring an additional 91,075 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of ARC Document Solutions by 231.3% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 86,710 shares of the business services provider’s stock valued at $361,000 after acquiring an additional 60,541 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of ARC Document Solutions by 34.4% during the 1st quarter. TIAA CREF Investment Management LLC now owns 235,933 shares of the business services provider’s stock valued at $814,000 after acquiring an additional 60,377 shares during the last quarter. 70.53% of the stock is currently owned by institutional investors.

Several research analysts have recently weighed in on ARC shares. B. Riley reissued a “buy” rating and set a $5.25 price target on shares of ARC Document Solutions in a research report on Monday, October 30th. TheStreet cut shares of ARC Document Solutions from a “c-” rating to a “d+” rating in a research report on Friday, November 17th. ValuEngine cut shares of ARC Document Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. FBR & Co lowered shares of ARC Document Solutions from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $4.00 to $5.25 in a report on Thursday, November 2nd. Finally, Zacks Investment Research lowered shares of ARC Document Solutions from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $4.63.

Shares of ARC Document Solutions Inc (NYSE ARC) opened at $2.97 on Thursday. The stock has a market cap of $133.33, a PE ratio of 15.10 and a beta of 2.52. ARC Document Solutions Inc has a fifty-two week low of $2.60 and a fifty-two week high of $5.55. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.61 and a quick ratio of 1.34.

ARC Document Solutions (NYSE:ARC) last issued its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $96.50 million during the quarter, compared to analysts’ expectations of $98.24 million. ARC Document Solutions had a negative net margin of 1.70% and a positive return on equity of 5.35%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 earnings per share. equities analysts predict that ARC Document Solutions Inc will post 0.13 earnings per share for the current year.

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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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Institutional Ownership by Quarter for ARC Document Solutions (NYSE:ARC)

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