Arc Logistic Partners LP (NYSE:ARCX) has been assigned an average recommendation of “Hold” from the eight brokerages that are covering the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $16.75.

A number of research firms have weighed in on ARCX. Stifel Nicolaus cut 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. Zacks Investment Research cut shares of Arc Logistic Partners from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. Finally, Citigroup Inc. boosted their price objective 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.

Several hedge funds and other institutional investors have recently bought and sold shares of ARCX. JPMorgan Chase & Co. acquired a new position in shares of Arc Logistic Partners during the second quarter valued at about $111,000. Advisory Research Inc. boosted its position 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 during the last quarter. Cohen & Steers Inc. boosted its position 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 during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position 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 during the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Shares of Arc Logistic Partners (NYSE:ARCX) traded down 0.47% on Tuesday, reaching $14.98. 22,531 shares of the company’s stock traded hands. The company has a market cap of $289.04 million, a PE ratio of 27.44 and a beta of 0.89. The stock has a 50-day moving average price of $15.09 and a 200-day moving average price of $13.63. Arc Logistic Partners has a 12-month low of $8.66 and a 12-month high of $18.25.

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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