Gamco Investors INC. ET AL acquired a new stake in shares of ARRIS International plc (NASDAQ:ARRS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 30,385 shares of the communications equipment provider’s stock, valued at approximately $929,000.

A number of other institutional investors also recently modified their holdings of the business. Lyrical Asset Management LP increased its position in ARRIS International by 1.1% during the 3rd quarter. Lyrical Asset Management LP now owns 5,675,175 shares of the communications equipment provider’s stock valued at $147,498,000 after purchasing an additional 61,597 shares during the period. Strs Ohio grew its position in shares of ARRIS International by 6.0% in the 3rd quarter. Strs Ohio now owns 5,015,000 shares of the communications equipment provider’s stock worth $130,339,000 after buying an additional 286,005 shares during the period. Neuberger Berman Group LLC grew its position in shares of ARRIS International by 3.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 3,909,062 shares of the communications equipment provider’s stock worth $101,596,000 after buying an additional 136,122 shares during the period. Glenmede Trust Co. NA grew its position in shares of ARRIS International by 47.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,719,985 shares of the communications equipment provider’s stock worth $44,702,000 after buying an additional 553,357 shares during the period. Finally, Thornburg Investment Management Inc. grew its position in shares of ARRIS International by 0.9% in the 3rd quarter. Thornburg Investment Management Inc. now owns 1,184,209 shares of the communications equipment provider’s stock worth $30,778,000 after buying an additional 10,811 shares during the period. 88.25% of the stock is currently owned by institutional investors and hedge funds.

ARRS has been the topic of a number of recent research reports. TheStreet downgraded shares of ARRIS International from a “b-” rating to a “c+” rating in a research report on Monday, October 22nd. Raymond James downgraded shares of ARRIS International from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from $36.00 to $29.00 in a research report on Monday, October 15th. ValuEngine raised shares of ARRIS International from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 24th. BidaskClub raised shares of ARRIS International from a “strong sell” rating to a “sell” rating in a research report on Friday, October 19th. Finally, Loop Capital downgraded shares of ARRIS International from a “buy” rating to a “hold” rating in a research report on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. ARRIS International has an average rating of “Hold” and an average price target of $30.03.

NASDAQ:ARRS opened at $31.60 on Friday. The stock has a market capitalization of $5.47 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 1.90 and a beta of 0.97. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.70. ARRIS International plc has a 1-year low of $21.55 and a 1-year high of $31.63.

ARRIS International (NASDAQ:ARRS) last announced its quarterly earnings results on Thursday, November 8th. The communications equipment provider reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.71 billion. ARRIS International had a net margin of 1.24% and a return on equity of 16.14%. ARRIS International’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 EPS. On average, analysts forecast that ARRIS International plc will post 2.67 EPS for the current fiscal year.

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ARRIS International Company Profile

ARRIS International plc, together with its subsidiaries, provides entertainment, communications, and networking technology and solutions worldwide. It operates through three segments: Customer Premises Equipment, Network & Cloud, and Enterprise Networks. The Customer Premises Equipment segment offers digital subscriber lines and cable modems, broadband gateways, set-top boxes, and video gateways.

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Institutional Ownership by Quarter for ARRIS International (NASDAQ:ARRS)

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