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

StockNews.com assumed coverage on shares of ARC Document Solutions (NYSE:ARC) in a research note released on Tuesday. The brokerage issued 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 research report on Wednesday, August 21st.

ARC Document Solutions Price Performance

Shares of NYSE ARC opened at $3.39 on Tuesday. ARC Document Solutions has a 52-week low of $2.56 and a 52-week high of $3.44. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.37 and a current ratio of 1.49. The stock has a market cap of $146.65 million, a P/E ratio of 30.82, a P/E/G ratio of 1.53 and a beta of 1.13. The firm has a 50 day moving average price of $3.39 and a 200 day moving average price of $3.10.

Hedge Funds Weigh In On ARC Document Solutions

Several institutional investors and hedge funds have recently modified their holdings of ARC. Renaissance Technologies LLC raised its holdings in 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 worth $7,545,000 after buying an additional 48,245 shares during the period. Dimensional Fund Advisors LP lifted its position in ARC Document Solutions by 5.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,550,606 shares of the business services provider’s stock valued at $4,094,000 after acquiring an additional 83,795 shares in the last quarter. Empowered Funds LLC boosted its stake in ARC Document Solutions by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 255,092 shares of the business services provider’s stock worth $862,000 after purchasing an additional 12,998 shares during the period. First Eagle Investment Management LLC increased its holdings in 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 worth $577,000 after purchasing an additional 83,708 shares in the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in shares of ARC Document Solutions in the 3rd quarter valued at about $539,000. 48.93% of the stock is currently owned by institutional investors and hedge funds.

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.