ARC Document Solutions Inc. (ARC) Shares Bought by Pzena Investment Management LLC
Pzena Investment Management LLC increased its position in shares of ARC Document Solutions Inc. (NYSE:ARC) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,983,936 shares of the company’s stock after buying an additional 67,826 shares during the period. Pzena Investment Management LLC owned 0.09% of ARC Document Solutions worth $14,900,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in ARC Document Solutions by 101,428.9% in the third quarter. JPMorgan Chase & Co. now owns 875,179 shares of the company’s stock worth $3,273,000 after buying an additional 874,317 shares during the period. Walthausen & Co. LLC bought a new position in ARC Document Solutions during the second quarter worth $3,335,000. Emerald Acquisition Ltd. bought a new position in ARC Document Solutions during the second quarter worth $2,602,000. LSV Asset Management bought a new position in ARC Document Solutions during the second quarter worth $954,000. Finally, Spark Investment Management LLC raised its position in ARC Document Solutions by 119.2% in the second quarter. Spark Investment Management LLC now owns 308,700 shares of the company’s stock worth $1,200,000 after buying an additional 167,900 shares during the period. 72.53% of the stock is owned by institutional investors.
ARC Document Solutions Inc. (NYSE:ARC) traded up 1.94% during mid-day trading on Tuesday, hitting $4.74. The company’s stock had a trading volume of 19,221 shares. The firm’s 50-day moving average is $3.83 and its 200-day moving average is $3.77. The company’s market cap is $217.92 million. ARC Document Solutions Inc. has a 12-month low of $3.06 and a 12-month high of $5.14.
ARC Document Solutions (NYSE:ARC) last posted its earnings results on Wednesday, November 2nd. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The company earned $100.40 million during the quarter, compared to analyst estimates of $96.95 million. ARC Document Solutions had a positive return on equity of 7.55% and a negative net margin of 11.50%. ARC Document Solutions’s revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 earnings per share. Analysts predict that ARC Document Solutions Inc. will post $0.27 EPS for the current fiscal year.
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A number of research firms have commented on ARC. Zacks Investment Research raised ARC Document Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, October 4th. TheStreet lowered ARC Document Solutions from a “hold” rating to a “sell” rating in a report on Thursday, November 3rd. Finally, B. Riley reissued a “buy” rating and issued a $5.00 target price on shares of ARC Document Solutions in a report on Monday, August 1st.
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.
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