Weber Alan W maintained its position in ARC Document Solutions, Inc. (NYSE:ARC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 359,700 shares of the business services provider’s stock at the end of the second quarter. ARC Document Solutions comprises approximately 0.8% of Weber Alan W’s holdings, making the stock its 27th largest position. Weber Alan W’s holdings in ARC Document Solutions were worth $1,496,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ARC. Punch & Associates Investment Management Inc. increased its position in ARC Document Solutions by 28.5% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,286,394 shares of the business services provider’s stock worth $4,438,000 after buying an additional 284,981 shares during the period. JPMorgan Chase & Co. increased its position in ARC Document Solutions by 17.7% in the first quarter. JPMorgan Chase & Co. now owns 1,488,753 shares of the business services provider’s stock worth $5,136,000 after buying an additional 223,502 shares during the period. Renaissance Technologies LLC increased its position in ARC Document Solutions by 6.2% in the first quarter. Renaissance Technologies LLC now owns 2,559,900 shares of the business services provider’s stock worth $8,832,000 after buying an additional 150,500 shares during the period. Pacific Ridge Capital Partners LLC increased its position in ARC Document Solutions by 20.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 797,651 shares of the business services provider’s stock worth $2,752,000 after buying an additional 133,184 shares during the period. Finally, North Star Investment Management Corp. increased its position in ARC Document Solutions by 17.6% in the second quarter. North Star Investment Management Corp. now owns 660,250 shares of the business services provider’s stock worth $2,747,000 after buying an additional 99,000 shares during the period. Institutional investors own 71.85% of the company’s stock.

Shares of ARC Document Solutions, Inc. (ARC) opened at 3.76 on Thursday. The company’s 50 day moving average price is $4.00 and its 200 day moving average price is $3.97. The stock has a market capitalization of $174.61 million, a P/E ratio of 15.80 and a beta of 2.50. ARC Document Solutions, Inc. has a one year low of $3.06 and a one year high of $5.55.

ARC Document Solutions (NYSE:ARC) last issued its earnings results on Tuesday, August 1st. The business services provider reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. ARC Document Solutions had a return on equity of 7.00% and a net margin of 2.72%. The firm had revenue of $102.30 million for the quarter, compared to the consensus estimate of $100.74 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities analysts expect that ARC Document Solutions, Inc. will post $0.22 earnings per share for the current year.

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A number of equities analysts have recently commented on ARC shares. Raymond James Financial, Inc. upgraded ARC Document Solutions from an “outperform” rating to a “strong-buy” rating in a report on Thursday, July 6th. B. Riley restated a “buy” rating and issued a $5.00 price objective on shares of ARC Document Solutions in a report on Monday, May 8th. Finally, TheStreet upgraded ARC Document Solutions from a “d+” rating to a “c” rating in a report on Tuesday, August 1st.

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

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