Arc Logistic Partners LP (NYSE:ARCX)‘s stock had its “hold” rating reaffirmed by research analysts at Stifel Nicolaus in a research note issued on Friday. They currently have a $16.50 price target on the pipeline company’s stock. Stifel Nicolaus’ target price points to a potential downside of 1.37% from the stock’s current price.

ARCX has been the topic of several other reports. BidaskClub cut Arc Logistic Partners from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. SunTrust Banks, Inc. downgraded Arc Logistic Partners from a “buy” rating to a “hold” rating and boosted their target price for the stock from $15.00 to $16.50 in a report on Wednesday, August 30th. Finally, Zacks Investment Research downgraded Arc Logistic Partners from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $18.33.

Shares of Arc Logistic Partners (NYSE:ARCX) traded down 0.24% during trading on Friday, hitting $16.73. The company had a trading volume of 109,975 shares. The firm has a market capitalization of $326.99 million, a P/E ratio of 27.52 and a beta of 0.81. The company’s 50 day moving average is $16.10 and its 200 day moving average is $15.03. Arc Logistic Partners has a 1-year low of $12.86 and a 1-year high of $17.40.

Arc Logistic Partners (NYSE:ARCX) last issued its quarterly earnings results on Tuesday, August 8th. The pipeline company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). The firm had revenue of $26.59 million during the quarter, compared to analysts’ expectations of $26.71 million. Arc Logistic Partners had a return on equity of 4.10% and a net margin of 13.28%. Analysts anticipate that Arc Logistic Partners will post $0.68 earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its holdings 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 worth $12,949,000 after acquiring an additional 221,662 shares in the last quarter. Renaissance Technologies LLC boosted its holdings 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 worth $1,488,000 after acquiring an additional 77,656 shares in the last quarter. Bank of America Corp DE boosted its holdings 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 worth $5,804,000 after acquiring an additional 135,650 shares in the last quarter. KCG Holdings Inc. bought a new stake in Arc Logistic Partners in the first quarter worth $464,000. Finally, Mariner Wealth Advisors LLC boosted its holdings 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 worth $224,000 after acquiring an additional 434 shares in the last quarter. 40.60% of the stock is currently owned by institutional investors and hedge funds.

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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