Insider Selling: ARRIS International plc (ARRS) SVP Sells 4,930 Shares of Stock
ARRIS International plc (NASDAQ:ARRS) SVP Philip Charles Baldock sold 4,930 shares of the firm’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $26.11, for a total transaction of $128,722.30. Following the completion of the transaction, the senior vice president now directly owns 13,529 shares of the company’s stock, valued at $353,242.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
ARRIS International plc (NASDAQ ARRS) opened at $25.95 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.43 and a current ratio of 1.83. The company has a market cap of $4,850.00, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 0.99 and a beta of 1.40. ARRIS International plc has a one year low of $24.75 and a one year high of $30.79.
ARRIS International (NASDAQ:ARRS) last posted its quarterly earnings data 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. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.77 billion. ARRIS International had a net margin of 2.51% and a return on equity of 14.02%. ARRIS International’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 earnings per share. equities analysts anticipate that ARRIS International plc will post 2.32 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its stake in ARRIS International by 6.9% during the third quarter. Public Employees Retirement System of Ohio now owns 129,308 shares of the communications equipment provider’s stock worth $3,684,000 after buying an additional 8,301 shares during the period. Neuberger Berman Group LLC lifted its position in shares of ARRIS International by 4.8% during the third quarter. Neuberger Berman Group LLC now owns 2,030,172 shares of the communications equipment provider’s stock worth $57,840,000 after purchasing an additional 92,445 shares during the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of ARRIS International during the third quarter worth $17,042,000. Thornburg Investment Management Inc. lifted its position in shares of ARRIS International by 4.4% during the third quarter. Thornburg Investment Management Inc. now owns 709,992 shares of the communications equipment provider’s stock worth $20,228,000 after purchasing an additional 30,156 shares during the last quarter. Finally, Twin Capital Management Inc. bought a new stake in shares of ARRIS International during the third quarter worth $1,492,000. 86.51% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on ARRS shares. TheStreet raised shares of ARRIS International from a “c+” rating to a “b” rating in a report on Monday, October 9th. Jefferies Group set a $38.00 target price on shares of ARRIS International and gave the company a “buy” rating in a report on Wednesday, October 4th. ValuEngine raised shares of ARRIS International from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Raymond James Financial set a $36.00 target price on shares of ARRIS International and gave the company a “buy” rating in a report on Thursday, December 14th. Finally, Zacks Investment Research raised shares of ARRIS International from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. ARRIS International presently has an average rating of “Buy” and an average price target of $33.40.
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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