Blair William & Co. IL Lowers Holdings in ARC Document Solutions, Inc. (ARC)

Blair William & Co. IL cut its position in ARC Document Solutions, Inc. (NYSE:ARC) by 4.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,340 shares of the business services provider’s stock after selling 1,176 shares during the quarter. Blair William & Co. IL owned about 0.06% of ARC Document Solutions worth $114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. SG Americas Securities LLC raised its stake in shares of 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 valued at $259,000 after buying an additional 1,954 shares during the period. Perkins Capital Management Inc. raised its stake in shares of ARC Document Solutions by 11.5% in the second quarter. Perkins Capital Management Inc. now owns 48,416 shares of the business services provider’s stock valued at $201,000 after buying an additional 5,000 shares during the period. Bank of America Corp DE raised its stake in shares of ARC Document Solutions by 2.0% in the first quarter. Bank of America Corp DE now owns 259,801 shares of the business services provider’s stock valued at $896,000 after buying an additional 5,200 shares during the period. Strs Ohio raised its stake in shares of ARC Document Solutions by 4.8% in the first quarter. Strs Ohio now owns 140,200 shares of the business services provider’s stock valued at $483,000 after buying an additional 6,400 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of ARC Document Solutions by 2.8% in the first quarter. Geode Capital Management LLC now owns 305,065 shares of the business services provider’s stock valued at $1,052,000 after buying an additional 8,337 shares during the period. Hedge funds and other institutional investors own 70.72% of the company’s stock.

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Shares of ARC Document Solutions, Inc. (NYSE ARC) opened at 3.51 on Monday. ARC Document Solutions, Inc. has a 1-year low of $3.17 and a 1-year high of $5.55. The company’s 50 day moving average price is $3.65 and its 200-day moving average price is $3.80. The company has a market capitalization of $163.00 million, a price-to-earnings ratio of 14.75 and a beta of 2.52.

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

ARC has been the topic of several research reports. B. Riley restated a “buy” rating and issued a $5.00 target price on shares of ARC Document Solutions in a research note on Tuesday, August 1st. TheStreet upgraded ARC Document Solutions from a “d+” rating to a “c” rating in a research note on Tuesday, August 1st. Finally, Raymond James Financial, Inc. upgraded ARC Document Solutions from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, July 6th.

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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