Arris Group Inc. (ARRS) Insider Ronald Coppock Sells 5,000 Shares
Arris Group Inc. (NASDAQ:ARRS) insider Ronald Coppock sold 5,000 shares of Arris Group stock in a transaction on Monday, September 19th. The stock was sold at an average price of $29.00, for a total value of $145,000.00. Following the completion of the transaction, the insider now owns 19,750 shares in the company, valued at $572,750. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Ronald Coppock also recently made the following trade(s):
- On Tuesday, September 6th, Ronald Coppock sold 10,000 shares of Arris Group stock. The stock was sold at an average price of $28.50, for a total value of $285,000.00.
Shares of Arris Group Inc. (NASDAQ:ARRS) opened at 28.90 on Thursday. The firm’s market cap is $5.51 billion. The company’s 50-day moving average price is $27.61 and its 200-day moving average price is $24.29. Arris Group Inc. has a 52-week low of $20.05 and a 52-week high of $32.93.
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Arris Group (NASDAQ:ARRS) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.19. Arris Group had a positive return on equity of 17.91% and a negative net margin of 1.09%. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the business earned $0.53 EPS. The business’s revenue for the quarter was up 37.3% compared to the same quarter last year. Equities analysts expect that Arris Group Inc. will post $2.82 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on ARRS. Royal Bank Of Canada restated a “buy” rating on shares of Arris Group in a report on Wednesday, June 1st. Zacks Investment Research upgraded Arris Group from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Friday, June 10th. Needham & Company LLC restated a “buy” rating and issued a $32.00 target price on shares of Arris Group in a report on Tuesday, September 13th. Jefferies Group lifted their target price on Arris Group from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Finally, Morgan Stanley began coverage on Arris Group in a report on Tuesday. They issued an “overweight” rating and a $34.00 target price on the stock. Eight investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $33.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Profund Advisors LLC increased its position in Arris Group by 0.4% in the second quarter. Profund Advisors LLC now owns 19,285 shares of the company’s stock valued at $404,000 after buying an additional 76 shares in the last quarter. Calvert Investment Management Inc. increased its position in Arris Group by 1.7% in the second quarter. Calvert Investment Management Inc. now owns 9,851 shares of the company’s stock worth $206,000 after buying an additional 167 shares during the period. Commonwealth Equity Services Inc increased its position in Arris Group by 1.9% in the second quarter. Commonwealth Equity Services Inc now owns 14,305 shares of the company’s stock worth $300,000 after buying an additional 267 shares during the period. Brant Point Investment Management LLC increased its position in Arris Group by 1.0% in the second quarter. Brant Point Investment Management LLC now owns 59,600 shares of the company’s stock worth $1,249,000 after buying an additional 600 shares during the period. Finally, IBM Retirement Fund increased its position in Arris Group by 3.7% in the second quarter. IBM Retirement Fund now owns 19,049 shares of the company’s stock worth $399,000 after buying an additional 671 shares during the period. 85.06% of the stock is currently owned by hedge funds and other institutional investors.
Arris Group Company Profile
ARRIS International plc focuses on entertainment and communications technology. The Company operates in two segments: Customer Premises Equipment (CPE), and Network & Cloud (N&C). The CPE segment’s products include Set-Top, Gateway, digital subscriber line (DSL) and Cable Modem, and Embedded Multimedia Terminal Adapter (E-MTA) and Voice/Data Modem.
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