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

Stock analysts at StockNews.com assumed coverage on shares of ARC Document Solutions (NYSE:ARC) in a note issued to investors on Sunday. The firm 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 Stock Performance

NYSE:ARC opened at $3.40 on Friday. ARC Document Solutions has a 1-year low of $2.56 and a 1-year high of $3.44. The firm has a 50 day simple moving average of $3.38 and a 200-day simple moving average of $3.04. The firm has a market cap of $146.87 million, a PE ratio of 30.87, a P/E/G ratio of 1.52 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 1.41.

Hedge Funds Weigh In On ARC Document Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its stake in shares of ARC Document Solutions by 1.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,858,142 shares of the business services provider’s stock valued at $7,545,000 after buying an additional 48,245 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in ARC Document Solutions by 5.7% during the 2nd 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. Hillsdale Investment Management Inc. increased its position in shares of ARC Document Solutions by 8.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 520,037 shares of the business services provider’s stock worth $1,441,000 after purchasing an additional 39,800 shares during the last quarter. Empowered Funds LLC raised its stake in ARC Document Solutions by 5.4% during the third quarter. Empowered Funds LLC now owns 255,092 shares of the business services provider’s stock valued at $862,000 after buying an additional 12,998 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in shares of ARC Document Solutions by 62.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 218,673 shares of the business services provider’s stock valued at $577,000 after acquiring an additional 83,708 shares during the last quarter. 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.