Arc Logistic Partners LP (NYSE:ARCX) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Other analysts also recently issued research reports about the company. Zacks Investment Research downgraded Arc Logistic Partners from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Stifel Nicolaus upgraded Arc Logistic Partners from a “hold” rating to a “buy” rating and lifted their price target for the stock from $13.00 to $18.00 in a report on Wednesday, August 9th. SunTrust Banks, Inc. cut Arc Logistic Partners from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $15.00 to $16.50 in a report on Wednesday. Finally, ValuEngine cut Arc Logistic Partners from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $18.00.

Shares of Arc Logistic Partners (NYSE:ARCX) opened at 16.63 on Friday. Arc Logistic Partners has a 12 month low of $12.86 and a 12 month high of $17.40. The stock’s 50 day moving average price is $15.05 and its 200-day moving average price is $14.74. The firm has a market capitalization of $325.03 million, a price-to-earnings ratio of 27.35 and a beta of 0.83.

Arc Logistic Partners (NYSE:ARCX) last issued its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.03. Arc Logistic Partners had a return on equity of 4.10% and a net margin of 13.28%. The business had revenue of $26.59 million for the quarter, compared to analyst estimates of $26.71 million. On average, equities research analysts predict that Arc Logistic Partners will post $0.68 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in ARCX. Mariner Wealth Advisors LLC increased its position in shares of Arc Logistic Partners by 3.0% in the second quarter. Mariner Wealth Advisors LLC now owns 14,765 shares of the pipeline company’s stock valued at $224,000 after buying an additional 434 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of Arc Logistic Partners by 29.7% in the second quarter. D.A. Davidson & CO. now owns 9,604 shares of the pipeline company’s stock valued at $145,000 after buying an additional 2,200 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Arc Logistic Partners by 32.3% in the first quarter. Goldman Sachs Group Inc. now owns 908,661 shares of the pipeline company’s stock valued at $12,949,000 after buying an additional 221,662 shares in the last quarter. Bank of America Corp DE increased its position in shares of Arc Logistic Partners by 49.9% in the first quarter. Bank of America Corp DE now owns 407,276 shares of the pipeline company’s stock valued at $5,804,000 after buying an additional 135,650 shares in the last quarter. Finally, KCG Holdings Inc. purchased a new position in shares of Arc Logistic Partners during the first quarter valued at approximately $464,000. Institutional investors and hedge funds own 40.60% of the company’s stock.

Arc Logistic Partners Company Profile

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

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