ARRIS International (ARRS) Cut to Sell at BidaskClub

BidaskClub cut shares of ARRIS International (NASDAQ:ARRS) from a hold rating to a sell rating in a research report released on Thursday morning.

ARRS has been the topic of several other reports. ValuEngine raised ARRIS International from a hold rating to a buy rating in a report on Friday, December 1st. Zacks Investment Research raised 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. TheStreet raised ARRIS International from a c+ rating to a b rating in a report on Monday, October 9th. Jefferies Group set a $38.00 price objective on shares of ARRIS International and gave the stock a buy rating in a research report on Wednesday, October 4th. Finally, Raymond James Financial set a $38.00 price objective on shares of ARRIS International and gave the stock a buy rating in a research report on Monday, December 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $33.89.

Shares of ARRIS International (NASDAQ:ARRS) opened at $29.31 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.43 and a current ratio of 1.83. The firm has a market capitalization of $5,481.59, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 1.26 and a beta of 1.39. ARRIS International has a 1-year low of $24.75 and a 1-year high of $31.52.

ARRIS International (NASDAQ:ARRS) last released its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.18. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.77 billion. ARRIS International had a return on equity of 14.02% and a net margin of 2.51%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 earnings per share. equities research analysts predict that ARRIS International will post 2.33 EPS for the current fiscal year.

In related news, insider Lawrence Robinson sold 4,167 shares of the company’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 completion of the sale, the insider now owns 71,721 shares in the company, valued at approximately $2,151,630. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Patrick W. Macken sold 1,250 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $29.26, for a total transaction of $36,575.00. Following the completion of the sale, the senior vice president now owns 4,556 shares of the company’s stock, valued at approximately $133,308.56. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Eii Capital Management Inc. boosted its stake in ARRIS International by 10.5% in the 2nd quarter. Eii Capital Management Inc. now owns 118,675 shares of the communications equipment provider’s stock worth $3,325,000 after purchasing an additional 11,250 shares during the period. Quantitative Investment Management LLC acquired a new position in shares of ARRIS International during the 2nd quarter worth about $7,428,000. Tocqueville Asset Management L.P. acquired a new position in shares of ARRIS International during the 3rd quarter worth about $5,674,000. Balyasny Asset Management LLC boosted its stake in shares of ARRIS International by 376.9% during the 2nd quarter. Balyasny Asset Management LLC now owns 38,635 shares of the communications equipment provider’s stock worth $1,083,000 after buying an additional 30,534 shares during the last quarter. Finally, First Quadrant L P CA acquired a new position in shares of ARRIS International during the 3rd quarter worth about $3,827,000. 86.64% of the stock is 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.

Analyst Recommendations for ARRIS International (NASDAQ:ARRS)

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