Note about Zack's Recent Downgrade on ARC stock

Zacks frequently upgrades and downgrades ARC’s stock, so I wouldn’t put too much thinking into Zack’s upgrades and downgrades.

From an article on the web this morning…..

ARC Document Solutions Inc (ARC) Downgraded by Zacks Investment Research, Posted by David Glaser on Apr 14th, 2017

Zacks Investment Research lowered shares of ARC Document Solutions Inc (NYSE:ARC) from a buy rating to a hold rating in a report issued on Tuesday.

According to Zacks, “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. “

Separately, B. Riley reaffirmed a buy rating and set a $5.00 price objective on shares of ARC Document Solutions in a research report on Saturday, March 25th.

Shares of ARC Document Solutions (NYSE:ARC) opened at 3.48 on Tuesday. ARC Document Solutions has a 12 month low of $3.06 and a 12 month high of $5.55. The stock’s market capitalization is $160.12 million.

The company’s 50 day moving average price is $3.90 and its 200 day moving average price is $4.27.

ARC Document Solutions (NYSE:ARC) last posted its quarterly earnings data on Tuesday, February 21st. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. ARC Document Solutions had a positive return on equity of 7.55% and a negative net margin of 11.50%. The company earned $98.60 million during the quarter, compared to analysts’ expectations of $95.60 million. During the same period last year, the firm earned $0.07 EPS. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. Equities analysts anticipate that ARC Document Solutions will post $0.24 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. First Quadrant L P CA boosted its stake in ARC Document Solutions by 393.8% in the third quarter. First Quadrant L P CA now owns 160,475 shares of the company’s stock valued at $600,000 after buying an additional 127,975 shares in the last quarter. California Public Employees Retirement System boosted its stake in ARC Document Solutions by 37.6% in the third quarter. California Public Employees Retirement System now owns 117,800 shares of the company’s stock valued at $441,000 after buying an additional 32,200 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its stake in ARC Document Solutions by 0.7% in the third quarter. Punch & Associates Investment Management Inc. now owns 1,035,575 shares of the company’s stock valued at $3,873,000 after buying an additional 7,198 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 valued at $3,273,000 after buying an additional 874,317 shares in the last quarter. Finally, LSV Asset Management boosted its stake in ARC Document Solutions by 20.0% in the third quarter. LSV Asset Management now owns 294,415 shares of the company’s stock valued at $1,101,000 after buying an additional 49,000 shares in the last quarter. 73.92% of the stock is owned by institutional investors and hedge funds.