The stock of ARC Document Solutions Inc (NYSE:ARC) is a huge mover today! The stock increased 6.46% or $0.21 on November 3, hitting $3.46. About 75,554 shares traded hands or 12.58% up from the average. ARC Document Solutions Inc (NYSE:ARC) has declined 22.43% since April 1, 2016 and is downtrending. It has underperformed by 23.65% the S&P500.
The move comes after 9 months positive chart setup for the $155.36M company. It was reported on Nov, 3 by Barchart.com. We have $8.13 PT which if reached, will make NYSE:ARC worth $209.74M more.
ARC Document Solutions Inc (NYSE:ARC) Ratings Coverage
Out of 4 analysts covering ARC Document Solutions (NYSE:ARC), 2 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 50% are positive. ARC Document Solutions has been the topic of 7 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating given on Monday, September 7 by Zacks. The stock of ARC Document Solutions Inc (NYSE:ARC) has “Hold” rating given on Tuesday, August 25 by Zacks. The rating was downgraded by William Blair on Thursday, November 5 to “Market Perform”. Sidoti initiated ARC Document Solutions Inc (NYSE:ARC) on Tuesday, October 20 with “Buy” rating. The firm has “Hold” rating by TheStreet given on Friday, August 7. The rating was initiated by B. Riley & Co on Friday, January 8 with “Buy”. The rating was upgraded by Zacks on Monday, August 31 to “Sell”.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 1.14 in 2016 Q2. Its down 0.58, from 1.72 in 2016Q1. The ratio dropped, as 13 funds sold all ARC Document Solutions Inc shares owned while 29 reduced positions. 15 funds bought stakes while 33 increased positions. They now own 31.06 million shares or 6.58% less from 33.25 million shares in 2016Q1.
Pacific Ridge Capital Partners Ltd Co holds 0.9% or 508,410 shares in its portfolio. Amer Century Cos, a Missouri-based fund reported 561,634 shares. Tfs Limited Liability accumulated 0.01% or 18,181 shares. Deutsche Fincl Bank Ag has invested 0% of its portfolio in ARC Document Solutions Inc (NYSE:ARC). Shell Asset Mngmt last reported 62,006 shares in the company. Jpmorgan Chase And holds 0% or 862 shares in its portfolio. Blackrock owns 20,204 shares or 0% of their US portfolio. Moreover, D E Shaw & has 0.01% invested in ARC Document Solutions Inc (NYSE:ARC) for 1.16M shares. Bnp Paribas Arbitrage Sa, a New York-based fund reported 1,612 shares. California Public Employees Retirement has invested 0% of its portfolio in ARC Document Solutions Inc (NYSE:ARC). State Street, a Massachusetts-based fund reported 885,361 shares. Moreover, Boothbay Fund Mngmt Lc has 0.06% invested in ARC Document Solutions Inc (NYSE:ARC) for 29,880 shares. California State Teachers Retirement Systems owns 86,173 shares or 0% of their US portfolio. Cubist Systematic Strategies Ltd Liability Company has 0% invested in the company for 10,143 shares. Malaga Cove Capital accumulated 0.2% or 53,478 shares.
Insider Transactions: Since May 5, 2016, the stock had 2 buys, and 1 sale for $816,277 net activity. $54,772 worth of shares were bought by Grimes Dennis Jeffery on Thursday, May 5. 200,000 shares were sold by Suriyakumar Kumarakulasingam, worth $819,000.
More notable recent ARC Document Solutions Inc (NYSE:ARC) news were published by: Prnewswire.com which released: “ARC Document Solutions Survey Identifies Current Construction Technology Trends” on January 28, 2016, also Quotes.Wsj.com with their article: “News ARC Document Solutions Inc.ARC” published on February 11, 2011, Seekingalpha.com published: “ARC Document Solutions’ (ARC) CEO Suri Suriyakumar on Q2 2016 Results …” on August 03, 2016. More interesting news about ARC Document Solutions Inc (NYSE:ARC) were released by: Prnewswire.com and their article: “ARC Document Solutions Introduces Facilities Information Management at the …” published on April 26, 2016 as well as Seekingalpha.com‘s news article titled: “ARC Document Solutions’ (ARC) CEO Suri Suriyakumar on Q1 2016 Results …” with publication date: May 04, 2016.
ARC Company Profile
ARC Document Solutions, Inc. (ARC), incorporated on October 30, 2004, is a document solutions well-known provider for the architectural, engineering and construction (AEC) industry. The Firm 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 document management applications, digital shipping/managed file transfer, and equipment and supplies sales. The Firm conducts its activities through its subsidiary, ARC Document Solutions, LLC, and its affiliates.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.