ARC Document Solutions (NYSE:ARC) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com began coverage on shares of ARC Document Solutions (NYSE:ARC) in a research note issued on Saturday. The brokerage set a “strong-buy” rating on the business services provider’s stock.

ARC Document Solutions Price Performance

ARC Document Solutions stock opened at $3.39 on Friday. The business’s 50-day moving average price is $3.39 and its 200 day moving average price is $3.20. The company has a quick ratio of 1.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The firm has a market cap of $146.65 million, a price-to-earnings ratio of 30.82, a price-to-earnings-growth ratio of 1.53 and a beta of 1.13. ARC Document Solutions has a 52 week low of $2.56 and a 52 week high of $3.44.

Hedge Funds Weigh In On ARC Document Solutions

Several institutional investors have recently made changes to their positions in ARC. Wolverine Asset Management LLC acquired a new stake in ARC Document Solutions during the third quarter valued at $539,000. XTX Topco Ltd purchased a new stake in shares of ARC Document Solutions during the 3rd quarter worth about $121,000. Empowered Funds LLC boosted its stake in shares of ARC Document Solutions by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 255,092 shares of the business services provider’s stock worth $862,000 after acquiring an additional 12,998 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of ARC Document Solutions by 1.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,858,142 shares of the business services provider’s stock valued at $7,545,000 after acquiring an additional 48,245 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in shares of ARC Document Solutions by 62.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 218,673 shares of the business services provider’s stock valued at $577,000 after purchasing an additional 83,708 shares in the last quarter. 48.93% of the stock is owned by hedge funds and other institutional investors.

About ARC Document Solutions

ARC Document Solutions, Inc, a digital printing company, provides digital printing and document-related services in the United States. It provides managed print services, that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; and cloud-based document management software and other digital hosting services.