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

ARRIS International PLC (NASDAQ:ARRS) insider Lawrence Robinson sold 9,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 73,867 shares in the company, valued at approximately $2,108,164.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of ARRIS International PLC (NASDAQ:ARRS) traded down $0.04 during trading hours on Wednesday, reaching $27.79. The company had a trading volume of 742,800 shares, compared to its average volume of 1,495,579. The firm has a market capitalization of $5,200.00, a P/E ratio of 11.94, a P/E/G ratio of 1.20 and a beta of 1.38. ARRIS International PLC has a 1-year low of $24.75 and a 1-year high of $31.52. 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 quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.18. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.77 billion. ARRIS International PLC had a return on equity of 14.02% and a net margin of 2.51%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.77 earnings per share. sell-side analysts predict that ARRIS International PLC will post 2.31 EPS for the current fiscal year.

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Several analysts have issued reports on the company. Zacks Investment Research upgraded ARRIS International PLC from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Tuesday, November 7th. 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. TheStreet upgraded 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. Finally, ValuEngine upgraded ARRIS International PLC from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. ARRIS International PLC presently has an average rating of “Buy” and a consensus price target of $33.38.

A number of large investors have recently modified their holdings of ARRS. Capstone Asset Management Co. boosted its holdings in shares of ARRIS International PLC by 0.3% in the 2nd quarter. Capstone Asset Management Co. now owns 15,751 shares of the communications equipment provider’s stock valued at $441,000 after purchasing an additional 40 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of ARRIS International PLC by 4.3% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 69,672 shares of the communications equipment provider’s stock valued at $1,952,000 after purchasing an additional 2,886 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in shares of ARRIS International PLC by 16.4% in the 2nd quarter. LS Investment Advisors LLC now owns 14,696 shares of the communications equipment provider’s stock valued at $412,000 after purchasing an additional 2,072 shares in the last quarter. Aperio Group LLC boosted its holdings in shares of ARRIS International PLC by 33.7% in the 2nd quarter. Aperio Group LLC now owns 25,776 shares of the communications equipment provider’s stock valued at $722,000 after purchasing an additional 6,492 shares in the last quarter. Finally, Miller Howard Investments Inc. NY boosted its holdings in shares of ARRIS International PLC by 1.6% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 87,844 shares of the communications equipment provider’s stock valued at $2,461,000 after purchasing an additional 1,398 shares in the last quarter. 86.94% of the stock is currently 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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