Pacific Ridge Capital Partners LLC lowered its position in ARC Document Solutions Inc (NYSE:ARC) by 10.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 720,639 shares of the business services provider’s stock after selling 83,222 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 1.57% of ARC Document Solutions worth $2,047,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Engineers Gate Manager LP purchased a new position in ARC Document Solutions in the third quarter valued at about $120,000. O Shaughnessy Asset Management LLC grew its stake in ARC Document Solutions by 146.3% in the third quarter. O Shaughnessy Asset Management LLC now owns 43,862 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 26,054 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in ARC Document Solutions by 180.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 87,300 shares of the business services provider’s stock valued at $155,000 after purchasing an additional 56,200 shares in the last quarter. LMR Partners LLP purchased a new position in ARC Document Solutions in the second quarter valued at about $219,000. Finally, Paloma Partners Management Co purchased a new position in ARC Document Solutions in the second quarter valued at about $345,000. Hedge funds and other institutional investors own 62.66% of the company’s stock.

ARC has been the topic of a number of recent research reports. B. Riley boosted their target price on ARC Document Solutions from $3.25 to $3.50 and gave the company a “buy” rating in a research note on Thursday, November 8th. Zacks Investment Research downgraded ARC Document Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 1st. Finally, ValuEngine downgraded ARC Document Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd.

ARC opened at $2.42 on Friday. The stock has a market cap of $108.52 million, a PE ratio of 13.94 and a beta of 1.95. ARC Document Solutions Inc has a 52-week low of $1.62 and a 52-week high of $3.59. The company has a quick ratio of 1.23, a current ratio of 1.48 and a debt-to-equity ratio of 0.77.

ARC Document Solutions (NYSE:ARC) last released its quarterly earnings results on Wednesday, November 7th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. The company had revenue of $100.47 million during the quarter, compared to the consensus estimate of $97.27 million. ARC Document Solutions had a positive return on equity of 5.59% and a negative net margin of 1.23%. On average, equities research analysts forecast that ARC Document Solutions Inc will post 0.17 earnings per share for the current year.

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ARC Document Solutions Profile

ARC Document Solutions, Inc, a reprographics company, provides document solutions worldwide. It offers managed print services, an onsite service that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; and operates 175 offsite service centers, which offers managed print service customers with the flexibility and overflow capacity during peak workloads.

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Institutional Ownership by Quarter for ARC Document Solutions (NYSE:ARC)

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