Zacks Investment Research lowered shares of Arc Logistic Partners LP (NYSE:ARCX) from a hold rating to a sell rating in a research note released on Tuesday morning.

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. “

Several other equities research analysts also recently weighed in on the stock. SunTrust Banks, Inc. downgraded shares of Arc Logistic Partners from a buy rating to a hold rating and raised their target price for the company from $15.00 to $16.50 in a research note on Wednesday, August 30th. Stifel Nicolaus downgraded shares of Arc Logistic Partners from a buy rating to a hold rating and lowered their target price for the company from $18.00 to $16.50 in a research note on Wednesday, August 30th. Finally, BidaskClub downgraded shares of Arc Logistic Partners from a buy rating to a hold rating in a research note on Thursday, September 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $18.33.

Arc Logistic Partners (NYSE:ARCX) last released its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.03). Arc Logistic Partners had a net margin of 13.28% and a return on equity of 4.10%. The business had revenue of $26.59 million for the quarter, compared to the consensus estimate of $26.71 million.

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Institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its stake in 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 acquiring an additional 221,662 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Arc Logistic Partners by 289.9% in the first quarter. Renaissance Technologies LLC now owns 104,441 shares of the pipeline company’s stock valued at $1,488,000 after acquiring an additional 77,656 shares in the last quarter. Bank of America Corp DE boosted its stake in 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 acquiring an additional 135,650 shares in the last quarter. KCG Holdings Inc. acquired a new stake in Arc Logistic Partners in the first quarter valued at approximately $464,000. Finally, Mariner Wealth Advisors LLC boosted its stake in 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 acquiring an additional 434 shares in the last quarter. Institutional investors own 40.60% of the company’s stock.

About Arc Logistic Partners

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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