35,907 Shares in ARC Document Solutions, Inc. (NYSE:ARC) Purchased by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in shares of ARC Document Solutions, Inc. (NYSE:ARC) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 35,907 shares of the business services provider’s stock, valued at approximately $121,000.

Other large investors have also added to or reduced their stakes in the company. Wolverine Asset Management LLC purchased a new stake in shares of ARC Document Solutions during the 3rd quarter valued at about $539,000. Empowered Funds LLC raised its position 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 purchasing an additional 12,998 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of ARC Document Solutions by 1.7% in the 2nd 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 period. First Eagle Investment Management LLC increased its position in shares of ARC Document Solutions by 62.0% during 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 purchasing an additional 83,708 shares during the last quarter. Finally, Metis Global Partners LLC bought a new stake in ARC Document Solutions in the third quarter worth $66,000. Institutional investors own 48.93% of the company’s stock.

ARC Document Solutions Price Performance

Shares of NYSE ARC opened at $3.39 on Friday. ARC Document Solutions, Inc. 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 $3.39 and a two-hundred day simple moving average of $3.18. The company has a market cap of $146.65 million, a P/E ratio of 30.82, a PEG 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.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of ARC Document Solutions in a research report on Friday. They set a “strong-buy” rating on the stock.

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.