ARRIS International plc (NASDAQ:ARRS) SVP Philip Charles Baldock sold 4,930 shares of the stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $26.11, for a total value of $128,722.30. Following the sale, the senior vice president now owns 13,529 shares in the company, valued at approximately $353,242.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
ARRIS International plc (NASDAQ ARRS) opened at $25.51 on Friday. The firm has a market cap of $4,760.00, a price-to-earnings ratio of 29.32, a PEG ratio of 0.99 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. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.43.
ARRIS International (NASDAQ:ARRS) last released its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.18. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. ARRIS International had a net margin of 2.51% and a return on equity of 14.02%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 earnings per share. research analysts expect that ARRIS International plc will post 2.32 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its holdings in shares of ARRIS International by 2.8% in the second quarter. Public Employees Retirement System of Ohio now owns 121,007 shares of the communications equipment provider’s stock worth $3,391,000 after purchasing an additional 3,289 shares during the period. Amalgamated Bank increased its holdings in shares of ARRIS International by 18.3% in the second quarter. Amalgamated Bank now owns 35,507 shares of the communications equipment provider’s stock worth $995,000 after purchasing an additional 5,488 shares during the period. New York State Common Retirement Fund increased its holdings in shares of ARRIS International by 0.6% in the third quarter. New York State Common Retirement Fund now owns 1,234,560 shares of the communications equipment provider’s stock worth $35,173,000 after purchasing an additional 7,610 shares during the period. Capstone Investment Advisors Netherlands B.V. bought a new position in shares of ARRIS International in the second quarter worth $233,000. Finally, Meeder Asset Management Inc. increased its holdings in shares of ARRIS International by 38.8% in the third quarter. Meeder Asset Management Inc. now owns 30,371 shares of the communications equipment provider’s stock worth $865,000 after purchasing an additional 8,496 shares during the period. 86.51% of the stock is currently owned by hedge funds and other institutional investors.
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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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