LS Investment Advisors LLC lowered its position in shares of ARRIS International plc (NASDAQ:ARRS) by 19.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,316 shares of the communications equipment provider’s stock after selling 2,662 shares during the period. LS Investment Advisors LLC’s holdings in ARRIS International were worth $291,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. FNY Partners Fund LP purchased a new stake in shares of ARRIS International during the 4th quarter worth about $100,000. Icon Advisers Inc. Co. purchased a new stake in shares of ARRIS International during the 4th quarter worth about $206,000. Oakbrook Investments LLC purchased a new stake in shares of ARRIS International during the 4th quarter worth about $361,000. Crossmark Global Holdings Inc. purchased a new stake in shares of ARRIS International during the 3rd quarter worth about $473,000. Finally, Quantbot Technologies LP purchased a new position in ARRIS International in the 3rd quarter worth approximately $514,000. Institutional investors and hedge funds own 88.43% of the company’s stock.
In other ARRIS International news, SVP Philip Charles Baldock sold 4,930 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 13,529 shares of the company’s stock, valued at approximately $353,242.19. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lawrence Robinson sold 4,167 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 71,721 shares in the company, valued at $2,151,630. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.
ARRIS International plc (NASDAQ:ARRS) opened at $25.42 on Tuesday. ARRIS International plc has a 52-week low of $22.60 and a 52-week high of $30.79. The stock has a market capitalization of $4,754.08, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 0.99 and a beta of 1.28. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.51 and a quick ratio of 1.08.
ARRIS International (NASDAQ:ARRS) last announced its earnings results on Wednesday, February 14th. The communications equipment provider reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.12. ARRIS International had a return on equity of 14.69% and a net margin of 1.41%. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the company posted $0.79 EPS. ARRIS International’s quarterly revenue was down 1.2% on a year-over-year basis. equities research analysts anticipate that ARRIS International plc will post 2.57 earnings per share for the current year.
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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