Paloma Partners Management Co lifted its position in ARRIS International plc (NASDAQ:ARRS) by 13.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 104,076 shares of the communications equipment provider’s stock after buying an additional 12,159 shares during the period. Paloma Partners Management Co owned about 0.06% of ARRIS International worth $2,673,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of ARRS. FNY Partners Fund LP bought a new position in ARRIS International during the fourth quarter valued at approximately $100,000. Icon Advisers Inc. Co. bought a new position in ARRIS International during the fourth quarter valued at approximately $206,000. Capital Fund Management S.A. lifted its position in ARRIS International by 25.5% during the fourth quarter. Capital Fund Management S.A. now owns 12,300 shares of the communications equipment provider’s stock valued at $316,000 after purchasing an additional 2,500 shares during the period. Oakbrook Investments LLC bought a new position in ARRIS International during the fourth quarter valued at approximately $361,000. Finally, Crossmark Global Holdings Inc. bought a new position in ARRIS International during the third quarter valued at approximately $473,000. Hedge funds and other institutional investors own 88.44% of the company’s stock.
Shares of ARRIS International plc (NASDAQ ARRS) opened at $27.61 on Wednesday. ARRIS International plc has a twelve month low of $22.60 and a twelve month high of $30.38. The company has a market cap of $5,164.46, a P/E ratio of 56.35, a price-to-earnings-growth ratio of 1.10 and a beta of 1.21. The company has a current ratio of 1.51, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66.
A number of research analysts recently weighed in on ARRS shares. BidaskClub downgraded shares of ARRIS International from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 13th. Zacks Investment Research downgraded shares of ARRIS International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 31st. ValuEngine upgraded shares of ARRIS International from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Morgan Stanley downgraded shares of ARRIS International from an “overweight” rating to an “equal weight” rating and set a $31.00 price objective on the stock. in a research report on Tuesday, December 19th. Finally, Raymond James Financial set a $38.00 price objective on shares of ARRIS International and gave the company a “buy” rating in a research report on Monday, December 4th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. ARRIS International currently has a consensus rating of “Buy” and a consensus target price of $33.20.
In other news, CEO Bruce William Mcclelland acquired 2,000 shares of ARRIS International stock in a transaction dated Friday, February 16th. The stock was purchased at an average cost of $25.91 per share, with a total value of $51,820.00. Following the completion of the purchase, the chief executive officer now directly owns 216,158 shares in the company, valued at approximately $5,600,653.78. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction of $128,722.30. Following the completion of the sale, the senior vice president now directly owns 13,529 shares of the company’s stock, valued at $353,242.19. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 9,500 shares of company stock valued at $241,440. 0.90% of the stock is owned by corporate insiders.
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ARRIS International 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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