ARC Document Solutions, Inc. (ARC) Position Cut by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. trimmed its stake in ARC Document Solutions, Inc. (NYSE:ARC) by 17.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 104,971 shares of the business services provider’s stock after selling 22,339 shares during the quarter. Goldman Sachs Group Inc. owned about 0.23% of ARC Document Solutions worth $436,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in ARC. Renaissance Technologies LLC grew its holdings 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 valued at $8,832,000 after purchasing an additional 150,500 shares during the period. Ameriprise Financial Inc. grew its stake in ARC Document Solutions by 25.8% during the second quarter. Ameriprise Financial Inc. now owns 672,723 shares of the business services provider’s stock worth $2,798,000 after buying an additional 138,065 shares during the period. JPMorgan Chase & Co. grew its stake in ARC Document Solutions by 7.2% during the second quarter. JPMorgan Chase & Co. now owns 1,595,988 shares of the business services provider’s stock worth $6,639,000 after buying an additional 107,235 shares during the period. North Star Investment Management Corp. grew its stake in ARC Document Solutions by 17.6% during 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. Finally, LSV Asset Management grew its stake in ARC Document Solutions by 26.1% during the second quarter. LSV Asset Management now owns 440,390 shares of the business services provider’s stock worth $1,832,000 after buying an additional 91,075 shares during the period. Hedge funds and other institutional investors own 69.71% of the company’s stock.

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ARC Document Solutions, Inc. (ARC) opened at $2.84 on Wednesday. The firm has a market cap of $125.90, a price-to-earnings ratio of 14.26 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, Inc. has a 52 week low of $2.60 and a 52 week high of $5.55.

ARC Document Solutions (NYSE:ARC) last announced its 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 firm had revenue of $96.50 million during the quarter, compared to analysts’ expectations 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 for the quarter was down 3.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 earnings per share. analysts anticipate that ARC Document Solutions, Inc. will post 0.13 EPS for the current fiscal year.

Several equities research analysts have issued reports on ARC shares. B. Riley reiterated a “buy” rating and set a $5.25 price objective on shares of ARC Document Solutions in a research note on Monday, October 30th. FBR & Co downgraded shares of ARC Document Solutions from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $4.00 to $5.25 in a research note on Thursday, November 2nd. Zacks Investment Research downgraded shares of ARC Document Solutions from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. ValuEngine downgraded shares of ARC Document Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, TheStreet upgraded shares of ARC Document Solutions from a “d+” rating to a “c” rating in a research note on Tuesday, August 1st. One investment 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 company. ARC Document Solutions presently has an average rating of “Hold” and an average target price of $4.63.

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.

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

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