Bank of New York Mellon Corp lowered its stake in shares of ARRIS International plc (NASDAQ:ARRS) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,976,911 shares of the communications equipment provider’s stock after selling 33,417 shares during the period. Bank of New York Mellon Corp’s holdings in ARRIS International were worth $50,785,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of ARRS. FNY Partners Fund LP bought a new position in shares of ARRIS International in the fourth quarter worth $100,000. Icon Advisers Inc. Co. bought a new position in shares of ARRIS International in the fourth quarter worth $206,000. Capital Fund Management S.A. increased its holdings in shares of ARRIS International by 25.5% in the fourth quarter. Capital Fund Management S.A. now owns 12,300 shares of the communications equipment provider’s stock worth $316,000 after purchasing an additional 2,500 shares during the period. Oakbrook Investments LLC bought a new position in shares of ARRIS International in the fourth quarter worth $361,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of ARRIS International in the third quarter worth $473,000. Hedge funds and other institutional investors own 86.80% of the company’s stock.
In related news, CEO Bruce William Mcclelland acquired 2,000 shares of ARRIS International stock in a transaction dated Friday, February 16th. The shares were purchased at an average cost of $25.91 per share, with a total value of $51,820.00. Following the completion of the purchase, the chief executive officer now owns 216,158 shares of the company’s stock, valued at $5,600,653.78. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Robert J. Stanzione acquired 4,000 shares of ARRIS International stock in a transaction dated Friday, February 16th. The shares were bought at an average cost of $25.55 per share, for a total transaction of $102,200.00. Following the completion of the purchase, the chairman now directly owns 862,697 shares of the company’s stock, valued at approximately $22,041,908.35. The disclosure for this purchase can be found here. Insiders have bought 9,500 shares of company stock worth $241,440 over the last ninety days. Insiders own 0.90% of the company’s stock.
ARRIS International plc (ARRS) opened at $27.71 on Friday. The company has a market capitalization of $5,180.00, a price-to-earnings ratio of 74.89, a P/E/G ratio of 1.06 and a beta of 1.21. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.51 and a quick ratio of 1.08. ARRIS International plc has a 12 month low of $22.60 and a 12 month high of $30.38.
ARRIS International (NASDAQ:ARRS) last released its earnings results on Wednesday, February 14th. The communications equipment provider reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.12. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.74 billion. ARRIS International had a return on equity of 14.69% and a net margin of 1.41%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 earnings per share. equities analysts forecast that ARRIS International plc will post 2.54 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: This news story was originally published by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3252540/bank-of-new-york-mellon-corp-sells-33417-shares-of-arris-international-plc-arrs.html.
ARRIS International 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.
Want to see what other hedge funds are holding ARRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARRIS International plc (NASDAQ:ARRS).
Receive News & Ratings for ARRIS International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARRIS International and related companies with MarketBeat.com's FREE daily email newsletter.