Rhumbline Advisers trimmed its position in ARC Document Solutions, Inc. (NYSE:ARC) by 5.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 49,420 shares of the business services provider’s stock after selling 2,714 shares during the period. Rhumbline Advisers owned about 0.11% of ARC Document Solutions worth $206,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ARC. JPMorgan Chase & Co. grew its position in ARC Document Solutions by 17.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,488,753 shares of the business services provider’s stock worth $5,136,000 after purchasing an additional 223,502 shares in the last quarter. SG Americas Securities LLC bought a new stake in ARC Document Solutions in the 1st quarter worth about $208,000. Blair William & Co. IL grew its position in ARC Document Solutions by 1.8% in the 1st quarter. Blair William & Co. IL now owns 28,516 shares of the business services provider’s stock worth $115,000 after purchasing an additional 500 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in ARC Document Solutions by 34.4% in the 1st quarter. TIAA CREF Investment Management LLC now owns 235,933 shares of the business services provider’s stock worth $814,000 after purchasing an additional 60,377 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in ARC Document Solutions by 2.8% in the 1st quarter. Geode Capital Management LLC now owns 305,065 shares of the business services provider’s stock worth $1,052,000 after purchasing an additional 8,337 shares in the last quarter. 70.68% of the stock is owned by institutional investors and hedge funds.

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ARC has been the subject of a number of recent analyst reports. Raymond James Financial, Inc. raised shares of ARC Document Solutions from an “outperform” rating to a “strong-buy” rating in a research report on Thursday, July 6th. B. Riley reaffirmed a “buy” rating and issued a $5.00 price objective on shares of ARC Document Solutions in a research report on Thursday, July 27th. Finally, TheStreet raised shares of ARC Document Solutions from a “d+” rating to a “c” rating in a research report on Tuesday, August 1st.

Shares of ARC Document Solutions, Inc. (NYSE:ARC) opened at 4.05 on Monday. The firm has a 50-day moving average of $3.85 and a 200-day moving average of $3.78. ARC Document Solutions, Inc. has a 12 month low of $3.17 and a 12 month high of $5.55. The company has a market capitalization of $188.08 million, a P/E ratio of 17.02 and a beta of 2.54.

ARC Document Solutions (NYSE:ARC) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $102.30 million during the quarter, compared to analyst estimates of $100.74 million. ARC Document Solutions had a net margin of 2.72% and a return on equity of 7.00%. ARC Document Solutions’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. On average, equities analysts predict that ARC Document Solutions, Inc. will post $0.22 earnings per share for the current year.

ARC Document Solutions Company Profile

ARC Document Solutions, Inc (ARC) is a document solutions provider for the architectural, engineering and construction (AEC) industry. The Company also provides document solutions to businesses of various types. ARC’s offerings include managed print services (MPS), offsite services, archive and information management (AIM), specialized color printing, Web-based document management applications, digital shipping/managed file transfer, and equipment and supplies sales.

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Institutional Ownership by Quarter for ARC Document Solutions (NYSE:ARC)

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