ARRIS International plc (ARRS) SVP Sells $201,041.00 in Stock

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ARRIS International plc (NASDAQ:ARRS) SVP James R. Brennan sold 6,350 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $31.66, for a total transaction of $201,041.00. Following the completion of the transaction, the senior vice president now owns 46,045 shares in the company, valued at $1,457,784.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

NASDAQ:ARRS remained flat at $$31.67 during midday trading on Tuesday. 959,763 shares of the company were exchanged, compared to its average volume of 2,195,660. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.70. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 1.91 and a beta of 0.97. ARRIS International plc has a 1-year low of $21.55 and a 1-year high of $31.74.

ARRIS International (NASDAQ:ARRS) last posted its quarterly earnings results on Thursday, February 21st. The communications equipment provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.01. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.78 billion. ARRIS International had a net margin of 1.69% and a return on equity of 15.06%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS.

A number of research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of ARRIS International from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. BidaskClub lowered shares of ARRIS International from a “hold” rating to a “sell” rating in a research note on Saturday, February 2nd. Jefferies Financial Group lowered shares of ARRIS International from a “buy” rating to a “hold” rating and set a $30.73 target price on the stock. in a research note on Sunday, December 2nd. Finally, ValuEngine lowered shares of ARRIS International from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. ARRIS International currently has an average rating of “Hold” and a consensus price target of $30.03.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. grace capital grew its position in ARRIS International by 37.5% in the 4th quarter. grace capital now owns 5,500 shares of the communications equipment provider’s stock worth $168,000 after purchasing an additional 1,500 shares during the last quarter. US Bancorp DE grew its position in ARRIS International by 8.3% in the 3rd quarter. US Bancorp DE now owns 37,066 shares of the communications equipment provider’s stock worth $965,000 after purchasing an additional 2,849 shares during the last quarter. Tocqueville Asset Management L.P. grew its position in ARRIS International by 1.8% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 270,223 shares of the communications equipment provider’s stock worth $7,023,000 after purchasing an additional 4,888 shares during the last quarter. Delta Capital Management LLC acquired a new stake in ARRIS International in the 4th quarter worth $227,000. Finally, Cerebellum GP LLC acquired a new stake in ARRIS International in the 4th quarter worth $254,000. Institutional investors own 82.25% of the company’s stock.

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ARRIS International Company Profile

ARRIS International plc, together with its subsidiaries, provides entertainment, communications, and networking technology and solutions worldwide. It operates through three segments: Customer Premises Equipment, Network & Cloud, and Enterprise Networks. The Customer Premises Equipment segment offers digital subscriber lines and cable modems, broadband gateways, set-top boxes, and video gateways.

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