BidaskClub upgraded shares of ARRIS International (NASDAQ:ARRS) from a strong sell rating to a sell rating in a research note released on Wednesday morning.
A number of other equities analysts have also recently issued reports on ARRS. ValuEngine cut ARRIS International from a buy rating to a hold rating in a report on Wednesday, September 6th. Jefferies Group set a $38.00 price target on ARRIS International and gave the stock a buy rating in a report on Wednesday, October 4th. TheStreet upgraded ARRIS International from a c+ rating to a b rating in a report on Monday, October 9th. Northland Securities set a $25.00 price target on ARRIS International and gave the stock a hold rating in a report on Monday, October 16th. Finally, Zacks Investment Research upgraded ARRIS International from a hold rating to a buy rating and set a $32.00 target price on the stock in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. ARRIS International has a consensus rating of Buy and an average price target of $33.40.
ARRIS International (ARRS) opened at $25.69 on Wednesday. The stock has a market capitalization of $4,862.55, a P/E ratio of 29.53, a price-to-earnings-growth ratio of 1.12 and a beta of 1.39. ARRIS International has a twelve month low of $24.75 and a twelve month high of $31.52. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.65.
In other ARRIS International news, SVP Patrick W. Macken sold 1,250 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now directly owns 4,556 shares in the company, valued at approximately $133,308.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lawrence Robinson sold 4,167 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $30.00, for a total value of $125,010.00. Following the transaction, the insider now owns 71,721 shares in the company, valued at $2,151,630. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio lifted its stake in ARRIS International by 6.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 129,308 shares of the communications equipment provider’s stock valued at $3,684,000 after acquiring an additional 8,301 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in ARRIS International by 4.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,030,172 shares of the communications equipment provider’s stock valued at $57,840,000 after acquiring an additional 92,445 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in ARRIS International during the 3rd quarter valued at $17,042,000. Thornburg Investment Management Inc. lifted its stake in ARRIS International by 4.4% during the 3rd quarter. Thornburg Investment Management Inc. now owns 709,992 shares of the communications equipment provider’s stock valued at $20,228,000 after acquiring an additional 30,156 shares in the last quarter. Finally, Twin Capital Management Inc. bought a new position in ARRIS International during the 3rd quarter valued at $1,492,000. Institutional investors and hedge funds own 86.51% of the company’s stock.
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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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