Signition LP bought a new position in shares of ARRIS International plc (NASDAQ:ARRS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 34,413 shares of the communications equipment provider’s stock, valued at approximately $884,000. ARRIS International accounts for approximately 1.1% of Signition LP’s holdings, making the stock its 16th biggest position.
Several other institutional investors also recently bought and sold shares of ARRS. Parametric Portfolio Associates LLC lifted its position in shares of ARRIS International by 20.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 132,490 shares of the communications equipment provider’s stock worth $3,712,000 after buying an additional 22,352 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of ARRIS International by 2.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 121,007 shares of the communications equipment provider’s stock worth $3,391,000 after buying an additional 3,289 shares during the period. Meeder Asset Management Inc. lifted its position in shares of ARRIS International by 38.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 30,371 shares of the communications equipment provider’s stock worth $865,000 after buying an additional 8,496 shares during the period. First Quadrant L P CA bought a new position in shares of ARRIS International during the 3rd quarter worth approximately $3,827,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of ARRIS International during the 3rd quarter worth approximately $473,000. Institutional investors and hedge funds own 86.77% of the company’s stock.
Several equities analysts recently commented on ARRS shares. Zacks Investment Research upgraded ARRIS International from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Tuesday, November 7th. BidaskClub downgraded ARRIS International from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 13th. Morgan Stanley downgraded ARRIS International from an “overweight” rating to an “equal weight” rating and set a $31.00 price objective for the company. in a research report on Tuesday, December 19th. Raymond James Financial set a $38.00 price objective on ARRIS International and gave the company a “buy” rating in a research report on Monday, December 4th. Finally, ValuEngine upgraded ARRIS International from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $33.20.
In other news, insider Lawrence Robinson sold 4,167 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $30.00, for a total transaction of $125,010.00. Following the completion of the sale, the insider now owns 71,721 shares in the company, valued at $2,151,630. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Philip Charles Baldock sold 4,930 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $26.11, for a total value of $128,722.30. Following the sale, the senior vice president now owns 13,529 shares of the company’s stock, valued at approximately $353,242.19. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,347 shares of company stock valued at $290,307. 0.90% of the stock is currently owned by corporate insiders.
ARRIS International plc (ARRS) opened at $24.75 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.43. ARRIS International plc has a 52-week low of $22.60 and a 52-week high of $30.79. The stock has a market capitalization of $4,630.00, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 0.94 and a beta of 1.28.
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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.
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