Cornerstone Capital Management Holdings LLC. grew its holdings in ARRIS International plc (NASDAQ:ARRS) by 30.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 782,914 shares of the communications equipment provider’s stock after purchasing an additional 184,688 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned about 0.42% of ARRIS International worth $20,112,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. FNY Partners Fund LP bought a new stake in shares of ARRIS International in the fourth quarter valued at about $100,000. Icon Advisers Inc. Co. bought a new stake in shares of ARRIS International in the fourth quarter valued at about $206,000. Capital Fund Management S.A. lifted its stake 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 valued at $316,000 after buying an additional 2,500 shares during the period. Oakbrook Investments LLC bought a new stake in shares of ARRIS International in the fourth quarter valued at about $361,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of ARRIS International in the third quarter valued at about $473,000. 88.44% of the stock is currently owned by institutional investors.
In other ARRIS International news, CEO Bruce William Mcclelland purchased 2,000 shares of the business’s stock in a transaction on Friday, February 16th. The stock was purchased at an average price of $25.91 per share, for a total transaction of $51,820.00. Following the completion of the purchase, the chief executive officer now directly owns 216,158 shares in the company, valued at $5,600,653.78. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Philip Charles Baldock sold 4,930 shares of ARRIS International stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $26.11, for a total transaction of $128,722.30. Following the completion of the transaction, 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 acquired 9,500 shares of company stock valued at $241,440. Corporate insiders own 0.90% of the company’s stock.
ARRIS International plc (NASDAQ ARRS) opened at $27.48 on Thursday. The company has a market cap of $5,114.44, a PE ratio of 11.32, a price-to-earnings-growth ratio of 1.09 and a beta of 1.21. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.51. ARRIS International plc has a one year low of $22.60 and a one year high of $30.38.
ARRIS International (NASDAQ:ARRS) last announced its quarterly earnings results on Wednesday, February 14th. The communications equipment provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.74 billion. ARRIS International had a net margin of 1.41% and a return on equity of 14.69%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 earnings per share. equities analysts expect that ARRIS International plc will post 2.54 EPS for the current year.
ARRS has been the subject of several research reports. ValuEngine upgraded shares of ARRIS International from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Raymond James Financial set a $38.00 target price on shares of ARRIS International and gave the company a “buy” rating in a research note on Monday, December 4th. BidaskClub cut shares of ARRIS International from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Morgan Stanley cut shares of ARRIS International from an “overweight” rating to an “equal weight” rating and set a $31.00 target price for the company. in a research note on Tuesday, December 19th. Finally, Zacks Investment Research cut shares of ARRIS International from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. ARRIS International has a consensus rating of “Buy” and a consensus target price of $33.33.
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About ARRIS International
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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