Strs Ohio increased its holdings in ARRIS International plc (NASDAQ:ARRS) by 78.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,310,000 shares of the communications equipment provider’s stock after purchasing an additional 1,450,000 shares during the period. Strs Ohio owned 1.77% of ARRIS International worth $85,033,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Amalgamated Bank increased its stake in ARRIS International by 18.3% in the 2nd quarter. Amalgamated Bank now owns 35,507 shares of the communications equipment provider’s stock worth $995,000 after acquiring an additional 5,488 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of ARRIS International by 23.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 140,895 shares of the communications equipment provider’s stock valued at $3,948,000 after purchasing an additional 26,359 shares during the last quarter. Parametric Portfolio Associates LLC increased 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 valued at $3,712,000 after purchasing an additional 22,352 shares during the last quarter. Balyasny Asset Management LLC increased its position in shares of ARRIS International by 376.9% during the 2nd quarter. Balyasny Asset Management LLC now owns 38,635 shares of the communications equipment provider’s stock valued at $1,083,000 after purchasing an additional 30,534 shares during the last quarter. Finally, UBS Oconnor LLC bought a new position in shares of ARRIS International during the 2nd quarter valued at approximately $1,401,000. 86.77% of the stock is currently owned by institutional investors.
In other ARRIS International news, SVP Philip Charles Baldock sold 4,930 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $26.11, for a total transaction of $128,722.30. Following the transaction, the senior vice president now owns 13,529 shares in the company, valued at $353,242.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Patrick W. Macken sold 1,250 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $29.26, for a total value of $36,575.00. Following the transaction, the senior vice president now owns 4,556 shares in the company, valued at approximately $133,308.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,347 shares of company stock worth $290,307. 0.90% of the stock is owned by corporate insiders.
ARRIS International plc (NASDAQ ARRS) opened at $24.77 on Thursday. The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $4,630.00, a PE ratio of 28.47, a PEG ratio of 0.94 and a beta of 1.28. ARRIS International plc has a 1-year low of $22.60 and a 1-year high of $30.79.
ARRIS International (NASDAQ:ARRS) last announced its quarterly earnings data on Wednesday, February 14th. The communications equipment provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.74 billion. ARRIS International had a return on equity of 14.02% and a net margin of 2.51%. The company’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 earnings per share. sell-side analysts anticipate that ARRIS International plc will post 2.32 EPS for the current fiscal year.
A number of equities analysts recently issued reports on the company. BidaskClub upgraded ARRIS International from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd. ValuEngine cut ARRIS International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research cut ARRIS International from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 31st. Loop Capital assumed coverage on ARRIS International in a report on Monday, January 29th. They issued a “buy” rating and a $35.00 target price for the company. Finally, TheStreet cut ARRIS International from a “b” rating to a “c+” rating in a research note on Friday, January 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $33.20.
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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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