BidaskClub downgraded shares of Arc Logistic Partners LP (NYSE:ARCX) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.

Several other brokerages have also issued reports on ARCX. Stifel Nicolaus restated a hold rating and set a $16.50 target price on shares of Arc Logistic Partners in a research report on Friday, October 6th. Zacks Investment Research upgraded shares of Arc Logistic Partners from a sell rating to a hold rating in a research report on Tuesday, October 17th. Finally, SunTrust Banks, Inc. lowered shares of Arc Logistic Partners from a buy rating to a hold rating and boosted their target price for the company from $15.00 to $16.50 in a research report on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $18.33.

Arc Logistic Partners (ARCX) opened at 16.65 on Wednesday. The company has a market capitalization of $325.42 million, a P/E ratio of 27.38 and a beta of 0.81. The stock’s 50 day moving average is $16.66 and its 200-day moving average is $15.22. Arc Logistic Partners has a 52-week low of $12.86 and a 52-week high of $17.40.

Arc Logistic Partners (NYSE:ARCX) last released its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.15 earnings per share for the quarter, missing the 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 company had revenue of $26.59 million for the quarter, compared to analysts’ expectations of $26.71 million. Analysts predict that Arc Logistic Partners will post $0.68 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in shares of Arc Logistic Partners by 32.3% in the first quarter. Goldman Sachs Group Inc. now owns 908,661 shares of the pipeline company’s stock valued at $12,949,000 after acquiring an additional 221,662 shares during the period. Bank of America Corp DE raised its stake in shares of Arc Logistic Partners by 49.9% in the first quarter. Bank of America Corp DE now owns 407,276 shares of the pipeline company’s stock valued at $5,804,000 after acquiring an additional 135,650 shares during the period. Renaissance Technologies LLC raised its stake in shares of Arc Logistic Partners by 289.9% in the first quarter. Renaissance Technologies LLC now owns 104,441 shares of the pipeline company’s stock valued at $1,488,000 after acquiring an additional 77,656 shares during the period. KCG Holdings Inc. purchased a new stake in shares of Arc Logistic Partners in the first quarter valued at $464,000. Finally, Mariner Wealth Advisors LLC raised its stake 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 acquiring an additional 434 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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