ARRIS International plc (NASDAQ:ARRS) SVP Philip Charles Baldock Sells 4,930 Shares

ARRIS International plc (NASDAQ:ARRS) SVP Philip Charles Baldock sold 4,930 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $26.11, for a total value 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 sale was disclosed in a filing with the SEC, which is available through the SEC website.

ARRIS International plc (NASDAQ ARRS) opened at $25.48 on Wednesday. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $4,767.17, a PE ratio of 29.29, a PEG ratio of 0.97 and a beta of 1.40. ARRIS International plc has a 1 year low of $24.75 and a 1 year high of $30.79.

ARRIS International (NASDAQ:ARRS) last announced its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.62 by $0.18. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. ARRIS International had a return on equity of 14.02% and a net margin of 2.51%. The company’s revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company earned $0.77 EPS. sell-side analysts anticipate that ARRIS International plc will post 2.32 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of ARRS. Capstone Investment Advisors Netherlands B.V. bought a new position in ARRIS International during the 2nd quarter worth approximately $233,000. Crossmark Global Holdings Inc. bought a new position in ARRIS International during the 3rd quarter worth approximately $473,000. Quantbot Technologies LP bought a new position in ARRIS International during the 3rd quarter worth approximately $514,000. Meeder Asset Management Inc. grew its position in 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 acquiring an additional 8,496 shares during the last quarter. Finally, Amalgamated Bank lifted its holdings 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 buying an additional 5,488 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

A number of analysts recently issued reports on the company. ValuEngine raised ARRIS International from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Jefferies Group set a $38.00 price objective on ARRIS International and gave the stock a “buy” rating in a report on Wednesday, October 4th. TheStreet raised ARRIS International from a “c+” rating to a “b” rating in a report on Monday, October 9th. Northland Securities set a $25.00 price objective on ARRIS International and gave the stock a “hold” rating in a report on Monday, October 16th. Finally, Zacks Investment Research raised ARRIS International from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $33.00.

COPYRIGHT VIOLATION NOTICE: This article was reported by BBNS and is owned by of BBNS. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://baseballnewssource.com/markets/arris-international-plc-arrs-svp-philip-charles-baldock-sells-4930-shares/1822008.html.

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.

Insider Buying and Selling by Quarter for ARRIS International (NASDAQ:ARRS)

Receive News & Ratings for ARRIS International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARRIS International and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.