Ameriprise Financial Inc. lowered its stake in ARC Document Solutions, Inc. (NYSE:ARC) by 7.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 534,658 shares of the business services provider’s stock after selling 40,761 shares during the period. Ameriprise Financial Inc. owned approximately 1.16% of ARC Document Solutions worth $1,845,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARC. Russell Investments Group Ltd. acquired a new stake in ARC Document Solutions during the fourth quarter worth about $3,154,000. Punch & Associates Investment Management Inc. increased its stake in shares of ARC Document Solutions by 28.5% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,286,394 shares of the business services provider’s stock valued at $4,438,000 after buying an additional 284,981 shares during the period. Renaissance Technologies LLC increased its stake in shares of ARC Document Solutions by 5.3% in the fourth quarter. Renaissance Technologies LLC now owns 2,409,400 shares of the business services provider’s stock valued at $12,240,000 after buying an additional 120,300 shares during the period. North Star Investment Management Corp. increased its stake in shares of ARC Document Solutions by 21.2% in the first quarter. North Star Investment Management Corp. now owns 561,250 shares of the business services provider’s stock valued at $1,936,000 after buying an additional 98,000 shares during the period. Finally, First Manhattan Co. increased its stake in shares of ARC Document Solutions by 33.0% in the first quarter. First Manhattan Co. now owns 221,082 shares of the business services provider’s stock valued at $826,000 after buying an additional 54,850 shares during the period. Institutional investors and hedge funds own 71.85% of the company’s stock.

Shares of ARC Document Solutions, Inc. (ARC) traded down 0.26% during trading on Tuesday, reaching $3.90. The company had a trading volume of 39,922 shares. The firm has a market capitalization of $181.11 million, a PE ratio of 16.39 and a beta of 2.50. ARC Document Solutions, Inc. has a 12 month low of $3.06 and a 12 month high of $5.55. The stock has a 50 day moving average price of $4.04 and a 200 day moving average price of $4.00.

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

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Several analysts have issued reports on the stock. Raymond James Financial, Inc. raised shares of ARC Document Solutions from an “outperform” rating to a “strong-buy” rating in a research report on Thursday, July 6th. B. Riley reissued a “buy” rating and set a $5.25 price target on shares of ARC Document Solutions in a research report on Sunday. TheStreet raised shares of ARC Document Solutions from a “d+” rating to a “c” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research downgraded shares of ARC Document Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th.

ARC Document Solutions Company Profile

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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