ARRIS International plc (NASDAQ:ARRS) has been assigned an average recommendation of “Buy” from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $33.63.
Several research analysts recently weighed in on the stock. BidaskClub raised shares of ARRIS International from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 27th. ValuEngine raised shares of ARRIS International from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. TheStreet raised shares of ARRIS International from a “c+” rating to a “b” rating in a research note on Monday, October 9th. Northland Securities set a $25.00 target price on shares of ARRIS International and gave the company a “hold” rating in a research note on Monday, October 16th. Finally, Morgan Stanley downgraded 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.
ARRIS International (ARRS) opened at $25.95 on Tuesday. ARRIS International has a one year low of $24.75 and a one year high of $30.79. The firm has a market cap of $4,850.00, a PE ratio of 29.83, a P/E/G ratio of 0.99 and a beta of 1.40. The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.65.
In related news, SVP Philip Charles Baldock sold 4,930 shares of the 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 sale, the senior vice president now owns 13,529 shares of the company’s stock, valued at approximately $353,242.19. The transaction was disclosed in a filing with the SEC, which can be accessed 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 transaction of $36,575.00. Following the sale, the senior vice president now directly owns 4,556 shares of the company’s stock, valued at approximately $133,308.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,347 shares of company stock valued at $290,307. Corporate insiders own 0.90% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantitative Investment Management LLC acquired a new stake in ARRIS International during the 2nd quarter worth approximately $7,428,000. Tocqueville Asset Management L.P. acquired a new stake in ARRIS International during the 3rd quarter worth approximately $5,674,000. Balyasny Asset Management LLC increased its position in 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 worth $1,083,000 after purchasing an additional 30,534 shares in the last quarter. First Quadrant L P CA acquired a new stake in ARRIS International during the 3rd quarter worth approximately $3,827,000. Finally, Canada Pension Plan Investment Board increased its position in ARRIS International by 33.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 902,100 shares of the communications equipment provider’s stock worth $25,701,000 after purchasing an additional 224,000 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.
ARRIS International Company 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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