ARC Document Solutions Inc (ARC) Stake Lowered by North Star Investment Management Corp.

North Star Investment Management Corp. lowered its stake in shares of ARC Document Solutions Inc (NYSE:ARC) by 57.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 303,600 shares of the business services provider’s stock after selling 414,748 shares during the quarter. North Star Investment Management Corp. owned about 0.66% of ARC Document Solutions worth $862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in ARC. JPMorgan Chase & Co. increased its position in shares of ARC Document Solutions by 3.0% during the first quarter. JPMorgan Chase & Co. now owns 1,508,987 shares of the business services provider’s stock valued at $3,320,000 after buying an additional 43,664 shares during the period. California Public Employees Retirement System grew its holdings in ARC Document Solutions by 91.5% in the first quarter. California Public Employees Retirement System now owns 65,893 shares of the business services provider’s stock worth $145,000 after purchasing an additional 31,493 shares during the period. Dimensional Fund Advisors LP grew its holdings in ARC Document Solutions by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,504,648 shares of the business services provider’s stock worth $5,510,000 after purchasing an additional 151,476 shares during the period. Millennium Management LLC grew its holdings in ARC Document Solutions by 407.0% in the first quarter. Millennium Management LLC now owns 254,885 shares of the business services provider’s stock worth $561,000 after purchasing an additional 204,610 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in ARC Document Solutions by 180.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 87,300 shares of the business services provider’s stock worth $155,000 after purchasing an additional 56,200 shares during the period. Institutional investors own 61.97% of the company’s stock.

A number of equities research analysts have weighed in on ARC shares. Zacks Investment Research upgraded shares of ARC Document Solutions from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a report on Thursday. ValuEngine cut shares of ARC Document Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Finally, B. Riley upgraded shares of ARC Document Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $2.75 to $3.25 in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $3.83.

Shares of ARC opened at $2.54 on Friday. The stock has a market capitalization of $129.71 million, a price-to-earnings ratio of 16.93 and a beta of 2.25. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.24 and a current ratio of 1.48. ARC Document Solutions Inc has a fifty-two week low of $1.62 and a fifty-two week high of $4.84.

ARC Document Solutions (NYSE:ARC) last announced its quarterly earnings data on Thursday, August 2nd. The business services provider reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.03. The business had revenue of $104.19 million for the quarter, compared to analysts’ expectations of $103.94 million. ARC Document Solutions had a negative net margin of 5.62% and a positive return on equity of 4.13%. As a group, equities analysts predict that ARC Document Solutions Inc will post 0.14 earnings per share for the current year.

ARC Document Solutions Company Profile

ARC Document Solutions, Inc, a reprographics company, provides document solutions worldwide. It offers managed print services, an onsite service that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; and operates 175 offsite service centers, which offers managed print service customers with the flexibility and overflow capacity during peak workloads.

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

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