JPMorgan Chase & Co. Has $6.24 Million Holdings in ARC Document Solutions Inc (ARC)

JPMorgan Chase & Co. reduced its holdings in shares of ARC Document Solutions Inc (NYSE:ARC) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,522,922 shares of the business services provider’s stock after selling 73,066 shares during the period. JPMorgan Chase & Co. owned about 3.28% of ARC Document Solutions worth $6,244,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ARC. The Manufacturers Life Insurance Company increased its stake in ARC Document Solutions by 10.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,025 shares of the business services provider’s stock worth $158,000 after buying an additional 3,446 shares during the period. Cornerstone Capital Management Holdings LLC. grew its holdings in ARC Document Solutions by 6.9% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 45,000 shares of the business services provider’s stock worth $186,000 after acquiring an additional 2,900 shares in the last quarter. SG Americas Securities LLC grew its holdings in ARC Document Solutions by 3.2% during the 2nd quarter. SG Americas Securities LLC now owns 62,272 shares of the business services provider’s stock worth $259,000 after acquiring an additional 1,954 shares in the last quarter. Federated Investors Inc. PA grew its holdings in ARC Document Solutions by 24.3% during the 2nd quarter. Federated Investors Inc. PA now owns 69,738 shares of the business services provider’s stock worth $290,000 after acquiring an additional 13,614 shares in the last quarter. Finally, Teachers Advisors LLC grew its holdings in ARC Document Solutions by 3.2% during the 2nd quarter. Teachers Advisors LLC now owns 79,624 shares of the business services provider’s stock worth $331,000 after acquiring an additional 2,452 shares in the last quarter. 70.52% of the stock is currently owned by hedge funds and other institutional investors.

ARC has been the subject of several analyst reports. B. Riley reiterated a “buy” rating and set a $5.25 price target on shares of ARC Document Solutions in a report on Monday, October 30th. FBR & Co cut shares of ARC Document Solutions from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $4.00 to $5.25 in a report on Thursday, November 2nd. ValuEngine cut shares of ARC Document Solutions from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Zacks Investment Research cut shares of ARC Document Solutions from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. Finally, TheStreet cut shares of ARC Document Solutions from a “c-” rating to a “d+” rating in a report on Friday, November 17th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. ARC Document Solutions presently has an average rating of “Hold” and an average price target of $4.63.

ARC Document Solutions Inc (ARC) opened at $2.60 on Friday. ARC Document Solutions Inc has a twelve month low of $2.30 and a twelve month high of $5.38. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.61 and a quick ratio of 1.34. The stock has a market cap of $120.79, a price-to-earnings ratio of -17.33 and a beta of 2.29.

ARC Document Solutions (NYSE:ARC) last issued its earnings results on Wednesday, November 1st. The business services provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $96.50 million during the quarter, compared to analyst estimates of $98.24 million. ARC Document Solutions had a negative net margin of 1.70% and a positive return on equity of 5.35%. The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.07 EPS. sell-side analysts expect that ARC Document Solutions Inc will post 0.13 earnings per share for the current year.

In related news, Director Mark W. Mealy sold 22,000 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $2.71, for a total transaction of $59,620.00. Following the completion of the sale, the director now owns 116,538 shares in the company, valued at approximately $315,817.98. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have purchased 3,766 shares of company stock valued at $8,802. 14.93% of the stock is owned by company insiders.

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ARC Document Solutions Company Profile

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.

Institutional Ownership by Quarter for ARC Document Solutions (NYSE:ARC)

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