ClariVest Asset Management LLC purchased a new position in ARC Document Solutions Inc (NYSE:ARC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 214,366 shares of the business services provider’s stock, valued at approximately $609,000. ClariVest Asset Management LLC owned approximately 0.47% of ARC Document Solutions at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in shares of ARC Document Solutions by 407.0% in the first quarter. Millennium Management LLC now owns 254,885 shares of the business services provider’s stock worth $561,000 after acquiring an additional 204,610 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in ARC Document Solutions by 180.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 87,300 shares of the business services provider’s stock valued at $155,000 after buying an additional 56,200 shares during the last quarter. LMR Partners LLP bought a new position in ARC Document Solutions in the 2nd quarter valued at approximately $219,000. Weber Alan W raised its holdings in ARC Document Solutions by 84.3% in the 2nd quarter. Weber Alan W now owns 874,700 shares of the business services provider’s stock valued at $1,548,000 after buying an additional 400,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in ARC Document Solutions by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,560,105 shares of the business services provider’s stock valued at $4,531,000 after buying an additional 55,457 shares during the last quarter. 62.75% of the stock is owned by hedge funds and other institutional investors.
ARC Document Solutions stock opened at $2.63 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.48 and a quick ratio of 1.23. ARC Document Solutions Inc has a 52-week low of $1.62 and a 52-week high of $3.59. The company has a market cap of $120.43 million, a price-to-earnings ratio of 15.47 and a beta of 2.08.
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ARC Document Solutions Company 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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