North Star Investment Management Corp. lessened its position in ARC Document Solutions Inc (NYSE:ARC) by 57.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 303,600 shares of the business services provider’s stock after selling 414,748 shares during the period. North Star Investment Management Corp.’s holdings in ARC Document Solutions were worth $862,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. California Public Employees Retirement System lifted its stake in shares of ARC Document Solutions by 91.5% in the first quarter. California Public Employees Retirement System now owns 65,893 shares of the business services provider’s stock worth $145,000 after buying an additional 31,493 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in ARC Document Solutions by 180.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 87,300 shares of the business services provider’s stock valued at $155,000 after purchasing an additional 56,200 shares during the period. LMR Partners LLP bought a new position in ARC Document Solutions during the second quarter valued at approximately $219,000. Paloma Partners Management Co bought a new position in ARC Document Solutions during the second quarter valued at approximately $345,000. Finally, Millennium Management LLC lifted its position in ARC Document Solutions by 407.0% during the first quarter. Millennium Management LLC now owns 254,885 shares of the business services provider’s stock valued at $561,000 after purchasing an additional 204,610 shares during the period. Hedge funds and other institutional investors own 61.97% of the company’s stock.

A number of research analysts recently weighed in on the stock. ValuEngine upgraded shares of ARC Document Solutions from a “sell” rating to a “hold” rating in a research report on Monday, August 13th. Zacks Investment Research upgraded shares of ARC Document Solutions from a “hold” rating to a “buy” rating and set a $2.75 price objective on the stock in a research report on Tuesday, July 31st. Finally, B. Riley upgraded shares of ARC Document Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the company from $2.75 to $3.25 in a research report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $3.83.

Shares of ARC Document Solutions stock opened at $2.54 on Friday. The company has a market cap of $129.71 million, a P/E ratio of 16.93 and a beta of 2.25. ARC Document Solutions Inc has a twelve month low of $1.62 and a twelve month high of $4.84. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.24 and a current ratio of 1.48.

ARC Document Solutions (NYSE:ARC) last issued its quarterly earnings data on Thursday, August 2nd. The business services provider reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.03. The company had revenue of $104.19 million for the quarter, compared to the consensus estimate of $103.94 million. ARC Document Solutions had a negative net margin of 5.62% and a positive return on equity of 4.13%. On average, research analysts anticipate that ARC Document Solutions Inc will post 0.14 earnings per share for the current fiscal year.

ARC Document Solutions Company Profile

ARC Document Solutions, Inc, a reprographics company, provides document solutions worldwide. It offers managed print services, an onsite service that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; and operates 175 offsite service centers, which offers managed print service customers with the flexibility and overflow capacity during peak workloads.

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

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