Arc Logistic Partners LP (NYSE:ARCX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Arc Logistics Partners LP is principally engaged in the terminalling, storage, throughput and transloading of crude oil and petroleum products. It owns, operates, develops and acquires a portfolio of complementary energy logistics assets. Arc Logistics Partners LP is based in New York. “

A number of other research analysts have also weighed in on ARCX. Stifel Nicolaus lowered shares of Arc Logistic Partners from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. They noted that the move was a valuation call. Citigroup Inc. raised their price target on shares of Arc Logistic Partners from $13.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, August 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Arc Logistic Partners currently has a consensus rating of “Hold” and a consensus target price of $16.17.

Analyst Recommendations for Arc Logistic Partners (NYSE:ARCX)

Arc Logistic Partners (NYSE:ARCX) opened at 15.0475 on Tuesday. The company has a 50-day moving average of $15.08 and a 200-day moving average of $13.50. Arc Logistic Partners has a 52 week low of $8.66 and a 52 week high of $18.25. The firm has a market cap of $290.34 million, a price-to-earnings ratio of 27.5595 and a beta of 0.89.

A number of hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in shares of Arc Logistic Partners during the second quarter valued at approximately $111,000. Advisory Research Inc. raised its stake in shares of Arc Logistic Partners by 0.9% in the second quarter. Advisory Research Inc. now owns 542,595 shares of the company’s stock valued at $7,054,000 after buying an additional 5,000 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Arc Logistic Partners by 0.9% in the first quarter. Goldman Sachs Group Inc. now owns 786,051 shares of the company’s stock valued at $8,041,000 after buying an additional 7,289 shares in the last quarter. Finally, Cohen & Steers Inc. raised its stake in shares of Arc Logistic Partners by 326.1% in the second quarter. Cohen & Steers Inc. now owns 642,090 shares of the company’s stock valued at $17,336,000 after buying an additional 491,397 shares in the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Arc Logistic Partners Company Profile

Arc Logistics Partners LP owns, operates, develops and acquires a portfolio of complementary energy logistics assets. The Company is engaged in the terminaling, storage, throughput and transloading of crude oil and petroleum products. It is focused on growing its business through the optimization, organic development and acquisition of terminaling, storage, rail, pipeline and other energy logistics assets.

5 Day Chart for NYSE:ARCX

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