Lombard Odier Asset Management USA Corp Has $4.90 Million Position in ARRIS International plc (NASDAQ:ARRS)

Lombard Odier Asset Management USA Corp increased its holdings in ARRIS International plc (NASDAQ:ARRS) by 6.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 155,000 shares of the communications equipment provider’s stock after purchasing an additional 10,000 shares during the quarter. Lombard Odier Asset Management USA Corp’s holdings in ARRIS International were worth $4,900,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. CWM LLC raised its holdings in shares of ARRIS International by 80.0% during the first quarter. CWM LLC now owns 900 shares of the communications equipment provider’s stock valued at $28,000 after acquiring an additional 400 shares during the last quarter. grace capital raised its holdings in shares of ARRIS International by 37.5% during the fourth quarter. grace capital now owns 5,500 shares of the communications equipment provider’s stock valued at $168,000 after acquiring an additional 1,500 shares during the last quarter. Parametrica Management Ltd acquired a new position in shares of ARRIS International during the first quarter valued at approximately $223,000. World Asset Management Inc raised its holdings in shares of ARRIS International by 16.9% during the first quarter. World Asset Management Inc now owns 9,950 shares of the communications equipment provider’s stock valued at $315,000 after acquiring an additional 1,439 shares during the last quarter. Finally, Cerebellum GP LLC raised its holdings in shares of ARRIS International by 23.5% during the first quarter. Cerebellum GP LLC now owns 10,271 shares of the communications equipment provider’s stock valued at $325,000 after acquiring an additional 1,956 shares during the last quarter. 83.70% of the stock is owned by institutional investors.

Shares of ARRIS International stock opened at $31.66 on Monday. ARRIS International plc has a 12 month low of $21.55 and a 12 month high of $31.74. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 12.51 and a beta of 0.92. The company has a quick ratio of 1.21, a current ratio of 1.58 and a debt-to-equity ratio of 0.68.

Separately, BidaskClub raised ARRIS International from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $29.87.

In other news, CFO David Potts sold 15,523 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $31.65, for a total value of $491,302.95. Following the completion of the sale, the chief financial officer now directly owns 111,842 shares in the company, valued at $3,539,799.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

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ARRIS International Company Profile

ARRIS International plc, together with its subsidiaries, provides entertainment, communications, and networking technology and solutions worldwide. The company's Customer Premises Equipment segment offers digital subscriber lines and cable modems, broadband gateways, set-top boxes, and video gateways.

Further Reading: Green Investing

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Institutional Ownership by Quarter for ARRIS International (NASDAQ:ARRS)

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