ARC Document Solutions (NYSE:ARC) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of ARC Document Solutions (NYSE:ARC) in a research note issued to investors on Friday. The brokerage set 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 report on Wednesday, August 21st.

ARC Document Solutions Stock Performance

Shares of ARC Document Solutions stock opened at $3.43 on Friday. The stock has a 50 day moving average of $3.32 and a 200 day moving average of $2.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.54. The firm has a market capitalization of $148.10 million, a price-to-earnings ratio of 17.15, a PEG ratio of 1.20 and a beta of 1.13. ARC Document Solutions has a fifty-two week low of $2.56 and a fifty-two week high of $3.44.

ARC Document Solutions (NYSE:ARC) last released its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $75.11 million during the quarter, compared to analysts’ expectations 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, research analysts predict that ARC Document Solutions will post 0.23 earnings per share for the current year.

Institutional Investors Weigh In On ARC Document Solutions

Several large investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp boosted its position in ARC Document Solutions by 15.1% in the 2nd quarter. Mackenzie Financial Corp now owns 34,496 shares of the business services provider’s stock valued at $91,000 after buying an additional 4,519 shares during the period. Ritholtz Wealth Management boosted its holdings in ARC Document Solutions by 16.3% in the second quarter. Ritholtz Wealth Management now owns 55,586 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 7,805 shares during the period. Heron Bay Capital Management grew its stake in ARC Document Solutions by 29.6% during the 1st quarter. Heron Bay Capital Management now owns 60,601 shares of the business services provider’s stock worth $168,000 after purchasing an additional 13,837 shares in the last quarter. Redhawk Wealth Advisors Inc. increased 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 purchasing an additional 32,487 shares during the period. Finally, First Eagle Investment Management LLC raised its position in ARC Document Solutions by 28.0% in the 1st quarter. First Eagle Investment Management LLC now owns 134,965 shares of the business services provider’s stock valued at $374,000 after purchasing an additional 29,500 shares in the last quarter. 48.93% of the stock is owned by hedge funds and other institutional investors.

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.