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

StockNews.com began coverage on shares of ARC Document Solutions (NYSE:ARC) in a research note issued on Friday. The firm set a “strong-buy” rating on the business services provider’s stock.

ARC Document Solutions Price Performance

ARC opened at $3.39 on Friday. The firm has a market capitalization of $146.65 million, a PE ratio of 30.82, a price-to-earnings-growth ratio of 1.53 and a beta of 1.13. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.37. The business’s 50-day moving average is $3.39 and its two-hundred day moving average is $3.18. ARC Document Solutions has a 1 year low of $2.56 and a 1 year high of $3.44.

Hedge Funds Weigh In On ARC Document Solutions

A number of large investors have recently made changes to their positions in the business. Wolverine Asset Management LLC purchased a new position in shares of ARC Document Solutions in the 3rd quarter valued at approximately $539,000. Empowered Funds LLC increased its holdings in shares of ARC Document Solutions by 5.4% in the third quarter. Empowered Funds LLC now owns 255,092 shares of the business services provider’s stock valued at $862,000 after purchasing an additional 12,998 shares during the period. Renaissance Technologies LLC raised 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 purchasing an additional 48,245 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of 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 period. Finally, Metis Global Partners LLC purchased a new stake in ARC Document Solutions in the third quarter valued at approximately $66,000. 48.93% of the stock is owned by institutional investors and hedge funds.

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.