Zacks Investment Research cut shares of ARC Document Solutions, Inc. (NYSE:ARC) from a hold rating to a sell rating in a report issued 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 equities research analysts have also recently commented on ARC. Raymond James Financial, Inc. raised ARC Document Solutions from an outperform rating to a strong-buy rating in a research note on Thursday, July 6th. B. Riley reaffirmed a buy rating and set a $5.00 target price on shares of ARC Document Solutions in a research note on Thursday, July 27th. TheStreet raised ARC Document Solutions from a d+ rating to a c rating in a research note on Tuesday, August 1st. 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. Finally, ValuEngine cut 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 assigned a hold rating and one has assigned a strong buy rating to the stock. ARC Document Solutions currently has an average rating of Hold and a consensus price target of $4.63.

Shares of ARC Document Solutions (NYSE:ARC) opened at $2.77 on Friday. The company has a market cap of $131.01, a price-to-earnings ratio of 14.84 and a beta of 2.52. The company has a quick ratio of 1.45, a current ratio of 1.73 and a debt-to-equity ratio of 0.83.

ARC Document Solutions (NYSE:ARC) last issued its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $96.50 million during the quarter, compared to analyst estimates of $98.24 million. ARC Document Solutions had a negative net margin of 1.70% and a positive return on equity of 5.28%. The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 EPS. equities research analysts anticipate that ARC Document Solutions will post 0.13 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its stake in 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 during the period. Cornerstone Capital Management Holdings LLC. grew its stake in 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 during the period. Perkins Capital Management Inc. grew its stake in ARC Document Solutions by 11.5% during the second quarter. Perkins Capital Management Inc. now owns 48,416 shares of the business services provider’s stock worth $201,000 after purchasing an additional 5,000 shares during the period. SG Americas Securities LLC boosted its holdings in ARC Document Solutions by 3.2% in the second quarter. SG Americas Securities LLC now owns 62,272 shares of the business services provider’s stock worth $259,000 after acquiring an additional 1,954 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its holdings in ARC Document Solutions by 24.3% in the second quarter. Federated Investors Inc. PA now owns 69,738 shares of the business services provider’s stock worth $290,000 after acquiring an additional 13,614 shares in the last quarter. 70.44% of the stock is owned by institutional investors and hedge funds.

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.

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