ARC Document Solutions (ARC) Cut to Sell at Zacks Investment Research

ARC Document Solutions (NYSE:ARC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

According to Zacks, “ARC Document Solutions Inc. is a document solutions company providing business-to-business document management technology and services to the architectural, engineering and construction, or AEC industries. It also provides document management services to companies in non-AEC industries, such as technology, financial services, retail, entertainment, and food and hospitality. The Company provides services that include scanning, imaging, and managing black and white and color documents. ARC Document Solutions Inc., formerly known as American Reprographics Company, is headquartered in Walnut Creek, California. “

ARC has been the subject of a number of other research reports. B. Riley reissued a “buy” rating and issued a $5.25 price objective on shares of ARC Document Solutions in a research note on Monday, October 30th. FBR & Co cut ARC Document Solutions from a “buy” rating to a “neutral” rating and raised their price objective for the company from $4.00 to $5.25 in a research note on Thursday, November 2nd. ValuEngine cut ARC Document Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, TheStreet cut ARC Document Solutions from a “c-” rating to a “d+” rating in a research note on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $4.63.

ARC Document Solutions (ARC) traded down $0.05 during midday trading on Wednesday, reaching $2.17. The company had a trading volume of 178,025 shares, compared to its average volume of 171,659. ARC Document Solutions has a fifty-two week low of $2.10 and a fifty-two week high of $4.84. The firm has a market capitalization of $101.74, a PE ratio of -15.50 and a beta of 2.28. The company has a quick ratio of 1.34, a current ratio of 1.61 and a debt-to-equity ratio of 0.85.

In other ARC Document Solutions news, Director Mark W. Mealy sold 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $2.71, for a total value of $59,620.00. Following the completion of the sale, the director now owns 116,538 shares of the company’s stock, valued at $315,817.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 14.93% of the company’s stock.

Several hedge funds have recently bought and sold shares of ARC. The Manufacturers Life Insurance Company lifted its holdings in shares of ARC Document Solutions by 10.0% in the second quarter. The Manufacturers Life Insurance Company now owns 38,025 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 3,446 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of ARC Document Solutions by 94.1% in the fourth quarter. Wells Fargo & Company MN now owns 66,971 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 32,463 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of ARC Document Solutions by 6.9% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 45,000 shares of the business services provider’s stock valued at $186,000 after purchasing an additional 2,900 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of ARC Document Solutions by 91.6% in the fourth quarter. Deutsche Bank AG now owns 89,278 shares of the business services provider’s stock valued at $226,000 after purchasing an additional 42,680 shares in the last quarter. Finally, Stone Ridge Asset Management LLC bought a new position in shares of ARC Document Solutions in the fourth quarter valued at approximately $263,000. Institutional investors own 71.03% of the company’s stock.

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About ARC Document Solutions

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.

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