Macquarie Group Ltd. trimmed its position in shares of ARC Document Solutions Inc (NYSE:ARC) by 47.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,040 shares of the business services provider’s stock after selling 27,195 shares during the quarter. Macquarie Group Ltd. owned approximately 0.07% of ARC Document Solutions worth $62,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ARC. Acadian Asset Management LLC boosted its position in shares of ARC Document Solutions by 70.4% in the fourth quarter. Acadian Asset Management LLC now owns 444,254 shares of the business services provider’s stock worth $911,000 after buying an additional 183,489 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in ARC Document Solutions by 117.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 95,287 shares of the business services provider’s stock valued at $195,000 after purchasing an additional 51,425 shares during the last quarter. Nordea Investment Management AB purchased a new position in ARC Document Solutions in the third quarter valued at about $438,000. California Public Employees Retirement System boosted its holdings in ARC Document Solutions by 29.5% in the fourth quarter. California Public Employees Retirement System now owns 90,618 shares of the business services provider’s stock valued at $186,000 after purchasing an additional 20,622 shares during the last quarter. Finally, Teton Advisors Inc. raised its stake in ARC Document Solutions by 33.8% during the fourth quarter. Teton Advisors Inc. now owns 166,000 shares of the business services provider’s stock valued at $340,000 after buying an additional 41,906 shares in the last quarter. Institutional investors own 59.37% of the company’s stock.
NYSE ARC traded down $0.08 on Friday, hitting $2.06. 167,609 shares of the stock traded hands, compared to its average volume of 93,182. The company has a quick ratio of 1.22, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $98.96 million, a P/E ratio of 10.84 and a beta of 1.94. ARC Document Solutions Inc has a twelve month low of $1.62 and a twelve month high of $3.59.
TRADEMARK VIOLATION NOTICE: “Macquarie Group Ltd. Has $62,000 Position in ARC Document Solutions Inc (NYSE:ARC)” was posted by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.baseballdailydigest.com/news/2019/05/11/macquarie-group-ltd-lowers-stake-in-arc-document-solutions-inc-arc.html.
About ARC Document Solutions
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; construction document and information management services, which consists of professional services to manage and distribute documents and information primarily related to construction projects; and archive and information management services that combines software and professional services to facilitate the capture, management, access, and retrieval of documents and information that have been produced in the past.
Read More: What is a trade deficit?
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.