Paloma Partners Management Co bought a new stake in shares of ARC Document Solutions Inc (NYSE:ARC) in the second quarter, HoldingsChannel.com reports. The firm bought 194,799 shares of the business services provider’s stock, valued at approximately $345,000.

Other institutional investors have also recently made changes to their positions in the company. LMR Partners LLP purchased a new position in ARC Document Solutions during the 2nd quarter valued at about $219,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in ARC Document Solutions by 180.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 87,300 shares of the business services provider’s stock valued at $155,000 after acquiring an additional 56,200 shares during the period. JPMorgan Chase & Co. boosted its holdings in ARC Document Solutions by 3.0% during the 1st quarter. JPMorgan Chase & Co. now owns 1,508,987 shares of the business services provider’s stock valued at $3,320,000 after acquiring an additional 43,664 shares during the period. California Public Employees Retirement System boosted its holdings in ARC Document Solutions by 91.5% during the 1st quarter. California Public Employees Retirement System now owns 65,893 shares of the business services provider’s stock valued at $145,000 after acquiring an additional 31,493 shares during the period. Finally, Weber Alan W boosted its holdings in ARC Document Solutions by 84.3% during the 2nd quarter. Weber Alan W now owns 874,700 shares of the business services provider’s stock valued at $1,548,000 after acquiring an additional 400,000 shares during the period. Institutional investors own 61.97% of the company’s stock.

Shares of ARC opened at $2.94 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 1.24. The stock has a market capitalization of $131.53 million, a PE ratio of 22.15 and a beta of 2.25. ARC Document Solutions Inc has a 1 year low of $1.62 and a 1 year high of $4.84.

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

A number of brokerages recently commented on ARC. ValuEngine upgraded ARC Document Solutions from a “sell” rating to a “hold” rating in a report on Monday, August 13th. Zacks Investment Research upgraded ARC Document Solutions from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a report on Tuesday, July 31st. Finally, B. Riley upgraded ARC Document Solutions from a “neutral” rating to a “buy” rating and raised their target price for the company from $2.75 to $3.25 in a report on Friday, August 3rd. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $3.75.

ARC Document Solutions 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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