ARC Document Solutions (ARC) Downgraded by Zacks Investment Research

ARC Document Solutions (NYSE:ARC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

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. “

ARC has been the subject of a number of other research reports. ValuEngine downgraded shares of ARC Document Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. B. Riley reaffirmed a “buy” rating and set a $5.25 target price on shares of ARC Document Solutions in a report on Monday, October 30th. TheStreet downgraded shares of ARC Document Solutions from a “c-” rating to a “d+” rating in a report on Friday, November 17th. Finally, FBR & Co downgraded shares of ARC Document Solutions from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $4.00 to $5.25 in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $4.63.

ARC Document Solutions (NYSE ARC) opened at $2.22 on Wednesday. ARC Document Solutions has a 12-month low of $2.10 and a 12-month high of $4.84. The company has a market cap of $103.14, a PE ratio of -14.80 and a beta of 2.28. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.61 and a quick ratio of 1.34.

In related news, Director Mark W. Mealy sold 22,000 shares of ARC Document Solutions stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $2.71, for a total transaction of $59,620.00. Following the completion of the sale, the director now owns 116,538 shares of the company’s stock, valued at approximately $315,817.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 14.93% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan bought a new stake in shares of ARC Document Solutions during the 4th quarter worth about $398,000. Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of ARC Document Solutions by 114.3% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 121,100 shares of the business services provider’s stock worth $308,000 after buying an additional 64,600 shares during the period. Two Sigma Investments LP boosted its holdings in shares of ARC Document Solutions by 48.1% during the 4th quarter. Two Sigma Investments LP now owns 169,417 shares of the business services provider’s stock worth $432,000 after buying an additional 54,994 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of ARC Document Solutions by 78.8% during the 4th quarter. Two Sigma Advisers LP now owns 168,760 shares of the business services provider’s stock worth $430,000 after buying an additional 74,400 shares during the period. Finally, Stone Ridge Asset Management LLC bought a new stake in shares of ARC Document Solutions during the 4th quarter worth about $263,000. 71.03% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “ARC Document Solutions (ARC) Downgraded by Zacks Investment Research” was reported by BBNS and is owned by of BBNS. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://baseballnewssource.com/markets/arc-document-solutions-arc-downgraded-by-zacks-investment-research/1885329.html.

About ARC Document Solutions

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.

Get a free copy of the Zacks research report on ARC Document Solutions (ARC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for ARC Document Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARC Document Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Red Sox: J.D. Martinez Continues His Physical at Spring Training Facility
Red Sox: J.D. Martinez Continues His Physical at Spring Training Facility
Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish


Leave a Reply

 
© 2006-2018 BBNS.