ARRIS International PLC (NASDAQ:ARRS) SVP Patrick W. Macken sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $29.26, for a total transaction of $36,575.00. Following the completion of the sale, the senior vice president now directly owns 4,556 shares in the company, valued at $133,308.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

ARRIS International PLC (ARRS) traded down $0.02 during midday trading on Friday, reaching $29.10. 238,876 shares of the company traded hands, compared to its average volume of 1,048,279. ARRIS International PLC has a 52-week low of $24.75 and a 52-week high of $31.52. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.43. The stock has a market capitalization of $5,446.06, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.26 and a beta of 1.39.

ARRIS International PLC (NASDAQ:ARRS) last posted its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.18. ARRIS International PLC had a net margin of 2.51% and a return on equity of 14.02%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the firm posted $0.77 earnings per share. ARRIS International PLC’s revenue for the quarter was down .2% compared to the same quarter last year. sell-side analysts anticipate that ARRIS International PLC will post 2.31 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on the stock. ValuEngine raised shares of ARRIS International PLC from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Jefferies Group LLC set a $38.00 price target on shares of ARRIS International PLC and gave the company a “buy” rating in a report on Wednesday, October 4th. TheStreet upgraded shares of ARRIS International PLC from a “c+” rating to a “b” rating in a report on Monday, October 9th. Zacks Investment Research lowered shares of ARRIS International PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Northland Securities restated a “hold” rating and issued a $24.00 price target on shares of ARRIS International PLC in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $33.38.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Eii Capital Management Inc. raised its stake in shares of ARRIS International PLC by 10.5% during the second quarter. Eii Capital Management Inc. now owns 118,675 shares of the communications equipment provider’s stock valued at $3,325,000 after purchasing an additional 11,250 shares during the period. Quantitative Investment Management LLC purchased a new stake in shares of ARRIS International PLC during the second quarter valued at approximately $7,428,000. Tocqueville Asset Management L.P. purchased a new stake in shares of ARRIS International PLC during the third quarter valued at approximately $5,674,000. Balyasny Asset Management LLC raised its stake in shares of ARRIS International PLC by 376.9% during the second quarter. Balyasny Asset Management LLC now owns 38,635 shares of the communications equipment provider’s stock valued at $1,083,000 after purchasing an additional 30,534 shares during the period. Finally, Hallmark Capital Management Inc. raised its stake in shares of ARRIS International PLC by 2.6% during the third quarter. Hallmark Capital Management Inc. now owns 484,015 shares of the communications equipment provider’s stock valued at $13,790,000 after purchasing an additional 12,165 shares during the period. Hedge funds and other institutional investors own 87.02% of the company’s stock.

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About ARRIS International PLC

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.

Insider Buying and Selling by Quarter for ARRIS International PLC (NASDAQ:ARRS)

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