Arc Logistic Partners LP (NYSE:ARCX) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report issued on Thursday.

A number of other equities research analysts have also recently weighed in on the company. SunTrust Banks, Inc. cut Arc Logistic Partners from a “buy” rating to a “hold” rating and boosted their price objective for the company from $15.00 to $16.50 in a research note on Wednesday, August 30th. Stifel Nicolaus cut Arc Logistic Partners from a “buy” rating to a “hold” rating and reduced their price objective for the company from $18.00 to $16.50 in a research note on Wednesday, August 30th. Zacks Investment Research cut Arc Logistic Partners from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, ValuEngine cut Arc Logistic Partners from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Arc Logistic Partners presently has a consensus rating of “Hold” and an average price target of $18.00.

Shares of Arc Logistic Partners (ARCX) traded down 0.06% during midday trading on Thursday, hitting $16.59. 14,286 shares of the stock were exchanged. Arc Logistic Partners has a one year low of $12.86 and a one year high of $17.40. The company has a market cap of $324.25 million, a price-to-earnings ratio of 27.29 and a beta of 0.81. The firm has a 50 day moving average of $15.29 and a 200-day moving average of $14.77.

Arc Logistic Partners (NYSE:ARCX) last issued its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.03). Arc Logistic Partners had a net margin of 13.28% and a return on equity of 4.10%. The firm had revenue of $26.59 million during the quarter, compared to analysts’ expectations of $26.71 million. Equities analysts expect that Arc Logistic Partners will post $0.68 EPS for the current year.

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Large investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. increased its holdings in shares of Arc Logistic Partners by 29.7% in the second quarter. D.A. Davidson & CO. now owns 9,604 shares of the pipeline company’s stock valued at $145,000 after purchasing an additional 2,200 shares during the period. BB&T Securities LLC acquired a new position in shares of Arc Logistic Partners in the first quarter valued at approximately $174,000. Mariner Wealth Advisors LLC increased its holdings in shares of Arc Logistic Partners by 3.0% in the second quarter. Mariner Wealth Advisors LLC now owns 14,765 shares of the pipeline company’s stock valued at $224,000 after purchasing an additional 434 shares during the period. KCG Holdings Inc. acquired a new position in shares of Arc Logistic Partners in the first quarter valued at approximately $464,000. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Arc Logistic Partners by 3.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 41,600 shares of the pipeline company’s stock valued at $593,000 after purchasing an additional 1,300 shares during the period. 40.60% of the stock is currently owned by institutional investors and hedge funds.

Arc Logistic Partners Company Profile

Arc Logistics Partners LP owns, operates, develops and acquires a portfolio of energy logistics assets. The Company is engaged in the terminaling, storage, throughput and transloading of crude oil and petroleum products. The Company is focused on growing its business through the optimization, organic development and acquisition of terminaling, storage, rail, pipeline and other energy logistics assets.

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