ARC Document Solutions (NYSE:ARC) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of ARC Document Solutions (NYSE:ARC) in a research note released on Saturday. The brokerage issued a strong-buy rating on the business services provider’s stock.

ARC Document Solutions Price Performance

ARC stock opened at $3.39 on Friday. ARC Document Solutions has a fifty-two week low of $2.56 and a fifty-two week high of $3.44. The company has a market capitalization of $146.65 million, a price-to-earnings ratio of 30.82, a price-to-earnings-growth ratio of 1.53 and a beta of 1.13. The business’s 50 day moving average price is $3.39 and its two-hundred day moving average price is $3.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.37 and a current ratio of 1.49.

Institutional Trading of ARC Document Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of ARC. Ritholtz Wealth Management boosted its position in shares of ARC Document Solutions by 16.3% in the 2nd quarter. Ritholtz Wealth Management now owns 55,586 shares of the business services provider’s stock worth $147,000 after purchasing an additional 7,805 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in ARC Document Solutions by 5.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,550,606 shares of the business services provider’s stock worth $4,094,000 after acquiring an additional 83,795 shares in the last quarter. Renaissance Technologies LLC grew its stake 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 worth $7,545,000 after acquiring an additional 48,245 shares during the last quarter. First Eagle Investment Management LLC grew its stake in shares of ARC Document Solutions by 62.0% in the second quarter. First Eagle Investment Management LLC now owns 218,673 shares of the business services provider’s stock worth $577,000 after acquiring an additional 83,708 shares during the last quarter. Finally, Heron Bay Capital Management raised its position in shares of 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 during the last quarter. 48.93% of the stock is owned by hedge funds and other institutional investors.

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.