Ameriprise Financial Inc. reduced its stake in shares of ARC Document Solutions Inc (NYSE:ARC) by 14.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 575,250 shares of the business services provider’s stock after selling 97,473 shares during the quarter. Ameriprise Financial Inc. owned 1.24% of ARC Document Solutions worth $2,353,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Punch & Associates Investment Management Inc. grew its stake in shares of ARC Document Solutions by 35.6% in the second quarter. Punch & Associates Investment Management Inc. now owns 1,744,414 shares of the business services provider’s stock worth $7,257,000 after purchasing an additional 458,020 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of ARC Document Solutions by 7.2% in the second quarter. JPMorgan Chase & Co. now owns 1,595,988 shares of the business services provider’s stock worth $6,639,000 after purchasing an additional 107,235 shares during the last quarter. LSV Asset Management grew its stake in shares of ARC Document Solutions by 26.1% in the second quarter. LSV Asset Management now owns 440,390 shares of the business services provider’s stock worth $1,832,000 after purchasing an additional 91,075 shares during the last quarter. Boston Partners grew its stake in shares of ARC Document Solutions by 6.3% in the third quarter. Boston Partners now owns 1,540,913 shares of the business services provider’s stock worth $6,302,000 after purchasing an additional 91,010 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of ARC Document Solutions by 13.5% in the third quarter. Russell Investments Group Ltd. now owns 690,467 shares of the business services provider’s stock worth $2,824,000 after purchasing an additional 81,961 shares during the last quarter. 70.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ARC Document Solutions Inc (ARC) opened at $2.46 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.61 and a debt-to-equity ratio of 0.85. ARC Document Solutions Inc has a 1-year low of $2.30 and a 1-year high of $5.40. The company has a market cap of $119.86, a PE ratio of -16.40 and a beta of 2.29.

ARC Document Solutions (NYSE:ARC) last issued its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.01 EPS for the quarter, missing the Thomson Reuters’ 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 analysts’ expectations of $98.24 million. During the same quarter last year, the business earned $0.07 earnings per share. The business’s quarterly revenue was down 3.9% on a year-over-year basis. equities analysts anticipate that ARC Document Solutions Inc will post 0.13 EPS for the current fiscal year.

In other ARC Document Solutions news, Director Mark W. Mealy sold 22,000 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $2.71, for a total value of $59,620.00. Following the completion of the sale, the director now directly owns 116,538 shares in the company, valued at $315,817.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 3,766 shares of company stock valued at $8,802 over the last 90 days. 14.93% of the stock is currently owned by company insiders.

ARC has been the topic of several recent analyst reports. B. Riley cut ARC Document Solutions from a “buy” rating to a “neutral” rating and cut their target price for the stock from $5.25 to $4.00 in a research note on Thursday, November 2nd. FBR & Co cut ARC Document Solutions from a “buy” rating to a “neutral” rating and raised their target price for the stock from $4.00 to $5.25 in a research note on Thursday, November 2nd. TheStreet cut ARC Document Solutions from a “c-” rating to a “d+” rating in a research note on Friday, November 17th. Zacks Investment Research raised ARC Document Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, ValuEngine cut ARC Document Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $4.63.

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ARC Document Solutions 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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