ARC Document Solutions, Inc. (NYSE:ARC) was downgraded by equities researchers at TheStreet from a “c-” rating to a “d+” rating in a research report issued on Friday.

A number of other brokerages have also issued reports on ARC. Zacks Investment Research lowered ARC Document Solutions from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. FBR & Co lowered 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 research report on Thursday, November 2nd. B. Riley lowered ARC Document Solutions from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $5.25 to $4.00 in a research report on Thursday, November 2nd. Finally, ValuEngine lowered ARC Document Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $4.63.

Shares of ARC Document Solutions (NYSE ARC) traded up $0.03 during trading on Friday, reaching $2.68. The company had a trading volume of 355,900 shares, compared to its average volume of 132,521. ARC Document Solutions has a 52-week low of $2.60 and a 52-week high of $5.55. The firm has a market capitalization of $123.11, a PE ratio of 13.95 and a beta of 2.52. 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 (NYSE:ARC) last issued its earnings results on Wednesday, November 1st. The business services provider reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). The firm 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 5.35%. ARC Document Solutions’s revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 EPS. analysts predict that ARC Document Solutions will post 0.13 EPS for the current fiscal year.

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Several large investors have recently bought and sold shares of ARC. TIAA CREF Investment Management LLC grew its holdings in shares of ARC Document Solutions by 34.4% during the first quarter. TIAA CREF Investment Management LLC now owns 235,933 shares of the business services provider’s stock valued at $814,000 after purchasing an additional 60,377 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of ARC Document Solutions by 2.8% during the first quarter. Geode Capital Management LLC now owns 305,065 shares of the business services provider’s stock worth $1,052,000 after buying an additional 8,337 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of ARC Document Solutions by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,122,625 shares of the business services provider’s stock worth $7,323,000 after buying an additional 60,119 shares during the period. Bank of America Corp DE boosted its position in shares of ARC Document Solutions by 2.0% during the first quarter. Bank of America Corp DE now owns 259,801 shares of the business services provider’s stock worth $896,000 after buying an additional 5,200 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of ARC Document Solutions by 23.4% during the first quarter. Goldman Sachs Group Inc. now owns 127,310 shares of the business services provider’s stock worth $439,000 after buying an additional 24,120 shares during the period. 70.02% of the stock is owned by institutional investors.

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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