ARRIS International plc (NASDAQ:ARRS) insider Lawrence Robinson sold 4,167 shares of ARRIS International stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $30.00, for a total transaction of $125,010.00. Following the sale, the insider now owns 71,721 shares of the company’s stock, valued at $2,151,630. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of ARRIS International plc (ARRS) traded down $0.40 during midday trading on Thursday, hitting $28.94. 1,342,300 shares of the company traded hands, compared to its average volume of 1,463,517. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.65. ARRIS International plc has a 12 month low of $24.75 and a 12 month high of $31.52. The stock has a market capitalization of $5,487.20, a P/E ratio of 12.59, a price-to-earnings-growth ratio of 1.27 and a beta of 1.39.
ARRIS International (NASDAQ:ARRS) last issued its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.62 by $0.18. ARRIS International had a net margin of 2.51% and a return on equity of 14.02%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. equities analysts predict that ARRIS International plc will post 2.32 EPS for the current year.
ARRS has been the subject of several research analyst reports. ValuEngine lowered shares of ARRIS International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Jefferies Group set a $38.00 target price on shares of ARRIS International and gave the company a “buy” rating in a research report on Wednesday, October 4th. Zacks Investment Research upgraded shares of ARRIS International from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Tuesday, November 7th. TheStreet upgraded shares of ARRIS International from a “c+” rating to a “b” rating in a research report on Monday, October 9th. Finally, Northland Securities set a $25.00 price target on shares of ARRIS International and gave the stock a “hold” rating in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $33.89.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Capstone Investment Advisors Netherlands B.V. purchased a new position in shares of ARRIS International in the second quarter worth $233,000. NGAM Advisors L.P. boosted its holdings in ARRIS International by 4.6% in the second quarter. NGAM Advisors L.P. now owns 11,170 shares of the communications equipment provider’s stock valued at $313,000 after acquiring an additional 489 shares in the last quarter. Fernwood Investment Management LLC boosted its holdings in ARRIS International by 16.9% in the second quarter. Fernwood Investment Management LLC now owns 13,800 shares of the communications equipment provider’s stock valued at $387,000 after acquiring an additional 2,000 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in ARRIS International in the third quarter valued at $473,000. Finally, Quantbot Technologies LP bought a new stake in ARRIS International in the third quarter valued at $514,000. 86.64% of the stock is currently owned by institutional investors.
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ARRIS International Company Profile
ARRIS International plc is a media entertainment and data communications solutions provider. The Company operates in two segments: Customer Premises Equipment (CPE), and Network & Cloud (N&C). The Company enables service providers, including cable, telephone, and digital broadcast satellite operators, and media programmers to deliver media, voice and Internet Protocol (IP) data services to their subscribers.
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