214,366 Shares in ARC Document Solutions Inc (ARC) Acquired by ClariVest Asset Management LLC

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.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of ARC Document Solutions from a “hold” rating to a “strong-buy” rating and set a $3.25 price objective for the company in a report on Friday, November 9th. B. Riley raised their price objective on shares of ARC Document Solutions from $3.25 to $3.50 and gave the company a “buy” rating in a report on Thursday, November 8th. Finally, ValuEngine lowered shares of ARC Document Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd.

ILLEGAL ACTIVITY WARNING: “214,366 Shares in ARC Document Solutions Inc (ARC) Acquired by ClariVest Asset Management LLC” was posted by WKRB News and is the property of of WKRB News. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://www.wkrb13.com/2018/11/23/214366-shares-in-arc-document-solutions-inc-arc-acquired-by-clarivest-asset-management-llc.html.

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.

Read More: Why do earnings reports matter?

Want to see what other hedge funds are holding ARC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARC Document Solutions Inc (NYSE:ARC).

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

Receive News & Ratings for ARC Document Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARC Document Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply