Shares of ARRIS International plc (NASDAQ:ARRS) shot up 0% on Monday . The stock traded as high as $24.80 and last traded at $24.67. 2,326,426 shares were traded during mid-day trading, an increase of 44% from the average session volume of 1,616,039 shares. The stock had previously closed at $24.67.

Several brokerages recently weighed in on ARRS. ValuEngine raised shares of ARRIS International from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Raymond James Financial set a $38.00 price target on shares of ARRIS International and gave the company a “buy” rating in a research note on Monday, December 4th. BidaskClub lowered shares of ARRIS International from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Zacks Investment Research upgraded shares of ARRIS International from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Tuesday, November 7th. Finally, Morgan Stanley lowered shares of ARRIS International from an “overweight” rating to an “equal weight” rating and set a $31.00 price target on the stock. in a research note on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. ARRIS International currently has a consensus rating of “Hold” and a consensus target price of $33.20.

The stock has a market cap of $4,613.81, a P/E ratio of 28.45, a P/E/G ratio of 0.94 and a beta of 1.28. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.65.

In other 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 transaction of $128,722.30. Following the transaction, 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 accessible 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 stock was sold at an average price of $29.26, for a total transaction of $36,575.00. Following the transaction, the senior vice president now owns 4,556 shares in the company, valued at $133,308.56. The disclosure for this sale can be found here. Insiders sold 10,347 shares of company stock worth $290,307 over the last quarter. 0.90% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. FNY Partners Fund LP purchased a new position in shares of ARRIS International during the fourth quarter worth approximately $100,000. Icon Advisers Inc. Co. purchased a new position in shares of ARRIS International during the fourth quarter worth approximately $206,000. Capital Fund Management S.A. grew its position in shares of 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 worth $316,000 after acquiring an additional 2,500 shares during the last quarter. Oakbrook Investments LLC purchased a new position in shares of ARRIS International during the fourth quarter worth approximately $361,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of ARRIS International during the third quarter worth approximately $473,000. 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.

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