Lawrence Robinson Sells 9,000 Shares of ARRIS International PLC (ARRS) Stock

ARRIS International PLC (NASDAQ:ARRS) insider Lawrence Robinson sold 9,000 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $28.54, for a total value of $256,860.00. Following the completion of the transaction, the insider now directly owns 73,867 shares of the company’s stock, valued at $2,108,164.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of ARRIS International PLC (NASDAQ ARRS) traded up $0.11 on Tuesday, hitting $27.94. The company’s stock had a trading volume of 313,411 shares, compared to its average volume of 1,499,016. ARRIS International PLC has a twelve month low of $24.75 and a twelve month high of $31.52. The firm has a market cap of $5,240.33, a P/E ratio of 12.03, a PEG ratio of 1.21 and a beta of 1.39. The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.65.

ARRIS International PLC (NASDAQ:ARRS) last issued its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.18. ARRIS International PLC had a return on equity of 14.02% and a net margin of 2.51%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the company earned $0.77 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. equities analysts expect that ARRIS International PLC will post 2.31 EPS for the current year.

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ARRS has been the subject of several recent research reports. TheStreet raised ARRIS International PLC from a “c+” rating to a “b” rating in a research note on Monday, October 9th. Jefferies Group LLC set a $38.00 price objective on ARRIS International PLC and gave the company a “buy” rating in a research note on Wednesday, October 4th. ValuEngine raised ARRIS International PLC from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised ARRIS International PLC from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Monday, August 7th. Finally, Northland Securities set a $25.00 price objective on ARRIS International PLC and gave the company a “hold” rating in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $33.38.

Several institutional investors and hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. increased its stake in shares of ARRIS International PLC by 2.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,385,138 shares of the communications equipment provider’s stock worth $153,423,000 after acquiring an additional 140,548 shares during the last quarter. Strs Ohio increased its stake in shares of ARRIS International PLC by 22.4% in the 2nd quarter. Strs Ohio now owns 1,910,000 shares of the communications equipment provider’s stock worth $53,518,000 after acquiring an additional 350,000 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of ARRIS International PLC by 0.6% in the 3rd quarter. New York State Common Retirement Fund now owns 1,234,560 shares of the communications equipment provider’s stock worth $35,173,000 after acquiring an additional 7,610 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of ARRIS International PLC by 9.6% in the 2nd quarter. Teachers Advisors LLC now owns 904,962 shares of the communications equipment provider’s stock worth $25,357,000 after acquiring an additional 79,439 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of ARRIS International PLC by 33.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 902,100 shares of the communications equipment provider’s stock worth $25,701,000 after purchasing an additional 224,000 shares during the period. 86.94% of the stock is owned by institutional investors and hedge funds.

ARRIS International PLC 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.

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

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