StockNews.com Begins Coverage on ARC Document Solutions (NYSE:ARC)

Stock analysts at StockNews.com began coverage on shares of ARC Document Solutions (NYSE:ARC - Get Free Report) in a research report issued on Saturday. The brokerage 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 report on Wednesday, August 21st.

ARC Document Solutions Trading Up 0.3 %

ARC traded up $0.01 during trading on Friday, hitting $3.37. The company's stock had a trading volume of 139,408 shares, compared to its average volume of 199,077. The firm has a market capitalization of $145.79 million, a P/E ratio of 18.72, a PEG ratio of 1.21 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 stock's fifty day moving average price is $3.37 and its 200-day moving average price is $3.01. 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 - Get Free Report) 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 company had revenue of $75.11 million for the quarter, compared to the consensus estimate of $72.60 million. ARC Document Solutions had a net margin of 2.76% and a return on equity of 7.29%. Analysts anticipate that ARC Document Solutions will post 0.23 EPS for the current year.

Hedge Funds Weigh In On ARC Document Solutions

Several large investors have recently added to or reduced their stakes in ARC. Empowered Funds LLC boosted its position in shares of ARC Document Solutions by 8.2% during the first quarter. Empowered Funds LLC now owns 224,634 shares of the business services provider's stock valued at $622,000 after buying an additional 16,975 shares during the last quarter. Redhawk Wealth Advisors Inc. boosted its holdings in ARC Document Solutions by 80.7% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 72,752 shares of the business services provider's stock worth $192,000 after acquiring an additional 32,487 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of ARC Document Solutions by 1.7% in 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 during the last quarter. First Eagle Investment Management LLC boosted its holdings in ARC Document Solutions by 62.0% during the second quarter. First Eagle Investment Management LLC now owns 218,673 shares of the business services provider's stock worth $577,000 after purchasing an additional 83,708 shares during the last quarter. Finally, Heron Bay Capital Management grew its position in ARC Document Solutions by 54.2% in the 2nd quarter. Heron Bay Capital Management now owns 93,471 shares of the business services provider's stock worth $247,000 after purchasing an additional 32,870 shares in the last quarter. Institutional investors own 48.93% of the company's stock.

ARC Document Solutions Company Profile

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.