Arc Logistic Partners LP (NYSE:ARCX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

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. “

ARCX has been the topic of a number of other reports. Stifel Nicolaus restated a “hold” rating and set a $16.50 price objective on shares of Arc Logistic Partners in a research report on Friday. BidaskClub upgraded Arc Logistic Partners from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, SunTrust Banks, Inc. downgraded Arc Logistic Partners from a “buy” rating to a “hold” rating and upped their price objective for the company from $15.00 to $16.50 in a research report on Wednesday, August 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $18.33.

Shares of Arc Logistic Partners (NYSE ARCX) traded down 0.18% during trading on Tuesday, hitting $16.66. The company had a trading volume of 83,399 shares. The firm’s 50 day moving average is $16.23 and its 200-day moving average is $15.07. The stock has a market capitalization of $325.62 million, a P/E ratio of 27.40 and a beta of 0.81. Arc Logistic Partners has a 52 week low of $12.86 and a 52 week high of $17.40.

Arc Logistic Partners (NYSE:ARCX) last issued its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $26.59 million for the quarter, compared to analysts’ expectations of $26.71 million. Equities research analysts anticipate that Arc Logistic Partners will post $0.68 EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of ARCX. Goldman Sachs Group Inc. raised its position in Arc Logistic Partners by 32.3% during the first quarter. Goldman Sachs Group Inc. now owns 908,661 shares of the pipeline company’s stock valued at $12,949,000 after purchasing an additional 221,662 shares during the period. Bank of America Corp DE raised its position in Arc Logistic Partners by 49.9% during 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 purchasing an additional 135,650 shares during the period. Renaissance Technologies LLC raised its position in Arc Logistic Partners by 289.9% during the first quarter. Renaissance Technologies LLC now owns 104,441 shares of the pipeline company’s stock valued at $1,488,000 after purchasing an additional 77,656 shares during the period. KCG Holdings Inc. purchased a new stake in Arc Logistic Partners during the first quarter valued at approximately $464,000. Finally, BB&T Securities LLC purchased a new stake in Arc Logistic Partners during the first quarter valued at approximately $174,000. Institutional investors and hedge funds 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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