Zacks Investment Research lowered shares of ARC Document Solutions (NYSE:ARC) from a hold rating to a sell rating in a report released on Friday morning.

According to Zacks, “ARC Document Solutions Inc. is a document solutions company providing business-to-business document management technology and services to the architectural, engineering and construction, or AEC industries. It also provides document management services to companies in non-AEC industries, such as technology, financial services, retail, entertainment, and food and hospitality. The Company provides services that include scanning, imaging, and managing black and white and color documents. ARC Document Solutions Inc., formerly known as American Reprographics Company, is headquartered in Walnut Creek, California. “

Several other research analysts also recently commented on the company. TheStreet downgraded ARC Document Solutions from a c- rating to a d+ rating in a research note on Friday, November 17th. FBR & Co downgraded ARC Document Solutions from a buy rating to a neutral rating and raised their price objective for the stock from $4.00 to $5.25 in a research note on Thursday, November 2nd. B. Riley downgraded ARC Document Solutions from a buy rating to a neutral rating and decreased their price objective for the stock from $5.25 to $4.00 in a research note on Thursday, November 2nd. Finally, ValuEngine downgraded ARC Document Solutions from a buy rating to a hold rating in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $4.63.

ARC Document Solutions (NYSE ARC) opened at $2.44 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.61 and a quick ratio of 1.34. ARC Document Solutions has a 12 month low of $2.30 and a 12 month high of $4.96. The company has a market capitalization of $113.82, a PE ratio of -17.43 and a beta of 2.30.

ARC Document Solutions (NYSE:ARC) last posted its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). ARC Document Solutions had a positive return on equity of 5.35% and a negative net margin of 1.70%. The company had revenue of $96.50 million during the quarter, compared to the consensus estimate of $98.24 million. During the same period last year, the business earned $0.07 EPS. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. research analysts expect that ARC Document Solutions will post 0.13 EPS for the current fiscal year.

In other news, Director Mark W. Mealy sold 22,000 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $2.71, for a total value of $59,620.00. Following the transaction, the director now owns 116,538 shares of the company’s stock, valued at $315,817.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought 3,766 shares of company stock worth $8,802 in the last ninety days. Corporate insiders own 14.93% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its position in shares of ARC Document Solutions by 10.0% during the second quarter. The Manufacturers Life Insurance Company now owns 38,025 shares of the business services provider’s stock worth $158,000 after purchasing an additional 3,446 shares in the last quarter. Cornerstone Capital Management Holdings LLC. grew its position in shares of ARC Document Solutions by 6.9% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 45,000 shares of the business services provider’s stock worth $186,000 after purchasing an additional 2,900 shares in the last quarter. Teachers Advisors LLC grew its position in shares of ARC Document Solutions by 3.2% during the second quarter. Teachers Advisors LLC now owns 79,624 shares of the business services provider’s stock worth $331,000 after purchasing an additional 2,452 shares in the last quarter. SG Americas Securities LLC grew its position in shares of ARC Document Solutions by 36.8% during the third quarter. SG Americas Securities LLC now owns 85,164 shares of the business services provider’s stock worth $348,000 after purchasing an additional 22,892 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of ARC Document Solutions by 28.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 126,550 shares of the business services provider’s stock worth $527,000 after purchasing an additional 28,340 shares in the last quarter. Hedge funds and other institutional investors own 70.54% of the company’s stock.

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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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