ARRIS International (NASDAQ:ARRS) Upgraded by BidaskClub to “Sell”

ARRIS International (NASDAQ:ARRS) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday, February 2nd.

ARRS has been the subject of a number of other reports. Northland Securities set a $25.00 target price on shares of ARRIS International and gave the company a “hold” rating in a research note on Monday, October 16th. Raymond James Financial set a $38.00 price objective on ARRIS International and gave the stock a “buy” rating in a research note on Monday, December 4th. Morgan Stanley lowered ARRIS International from an “overweight” rating to an “equal weight” rating and set a $31.00 price objective for the company. in a research note on Tuesday, December 19th. TheStreet raised shares of ARRIS International from a “c+” rating to a “b” rating in a report on Monday, October 9th. Finally, ValuEngine downgraded shares of ARRIS International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.20.

Shares of ARRIS International (NASDAQ ARRS) opened at $24.67 on Friday. 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 has a 12-month low of $22.60 and a 12-month high of $30.79. The company has a market capitalization of $4,333.28, a P/E ratio of 28.36, a PEG ratio of 0.88 and a beta of 1.28.

In other ARRIS International news, SVP Philip Charles Baldock sold 4,930 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $26.11, for a total value of $128,722.30. Following the completion of the sale, the senior vice president now directly owns 13,529 shares in the company, valued at $353,242.19. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Patrick W. Macken sold 1,250 shares of the firm’s stock in a transaction that occurred 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 $133,308.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,347 shares of company stock worth $290,307. Insiders own 0.90% of the company’s stock.

Several large investors have recently bought and sold shares of ARRS. UBS Asset Management Americas Inc. lifted its stake in shares of ARRIS International by 23.0% during the second quarter. UBS Asset Management Americas Inc. now owns 140,895 shares of the communications equipment provider’s stock worth $3,948,000 after buying an additional 26,359 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of ARRIS International by 20.3% during the second quarter. Parametric Portfolio Associates LLC now owns 132,490 shares of the communications equipment provider’s stock worth $3,712,000 after buying an additional 22,352 shares during the period. Balyasny Asset Management LLC lifted its stake in shares of ARRIS International by 376.9% during the second 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 period. Public Employees Retirement System of Ohio lifted its stake in shares of ARRIS International by 2.8% during 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 buying an additional 3,289 shares during the period. Finally, Meeder Asset Management Inc. raised its holdings in shares of ARRIS International by 38.8% during 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 last quarter. Institutional investors and hedge funds own 86.77% of the company’s stock.

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ARRIS International Company 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.

Analyst Recommendations for ARRIS International (NASDAQ:ARRS)

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