Today’s Market Runner: Institutional Investor Sentiment About Arris Group Inc (NASDAQ:ARRS) Improved

November 29, 2016 - By Marie Mckinney   ·   0 Comments

Today's Market Runner: Institutional Investor Sentiment About Arris Group Inc (NASDAQ:ARRS)  Improved

Sentiment for Arris Group Inc (NASDAQ:ARRS)

Arris Group Inc (NASDAQ:ARRS) institutional sentiment decreased to 0.33 in Q2 2016. Its down -2.00, from 2.33 in 2016Q1. The ratio has worsened, as 7 institutional investors started new or increased positions, while 3 sold and reduced their positions in Arris Group Inc. The institutional investors in our partner’s database now hold: 810,526 shares, down from 1.20 million shares in 2016Q1. Also, the number of institutional investors holding Arris Group Inc in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 3 Reduced: 0 Increased: 1 New Position: 6.

ARRIS International plc focuses on entertainment and communications technology. The company has a market cap of $5.50 billion. The Firm operates in two divisions: Customer Premises Equipment , and Network & Cloud (N&C). It currently has negative earnings. The CPE segment’s products include Set-Top, Gateway, digital subscriber line (DSL) and Cable Modem, and Embedded Multimedia Terminal Adapter (E-MTA) and Voice/Data Modem.

About 446,220 shares traded hands. ARRIS International plc (NASDAQ:ARRS) has risen 28.82% since April 26, 2016 and is uptrending. It has outperformed by 23.56% the S&P500.

Analysts await ARRIS International plc (NASDAQ:ARRS) to report earnings on February, 15. They expect $0.67 EPS, up 21.82% or $0.12 from last year’s $0.55 per share. ARRS’s profit will be $125.64 million for 10.94 P/E if the $0.67 EPS becomes a reality. After $0.70 actual EPS reported by ARRIS International plc for the previous quarter, Wall Street now forecasts -4.29% negative EPS growth.

According to Zacks Investment Research, “ARRIS International plc is an IP, video and broadband technology company. The Company offers video infrastructure, delivery networks, home and business connectivity and devices as well as related products. ARRIS International plc, formerly known as ARRIS GROUP INC, is based in Suwanee, United States.”

Golden Gate Private Equity Inc. holds 3.2% of its portfolio in ARRIS International plc for 280,763 shares. Baxter Bros Inc owns 174,555 shares or 1.28% of their US portfolio. Moreover, Schwartz Investment Counsel Inc has 0.52% invested in the company for 340,000 shares. The Wisconsin-based Winch Advisory Services Llc has invested 0.36% in the stock. Vantage Investment Advisors Llc, a Pennsylvania-based fund reported 2,251 shares.#img1#

ARRIS International plc (NASDAQ:ARRS) Ratings Coverage

Ratings analysis reveals 80% of Arris Group Inc.’s analysts are positive. Out of 10 Wall Street analysts rating Arris Group Inc., 8 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. The lowest target is $26 while the high is $42. The stock’s average target of $33.56 is 14.46% above today’s ($29.32) share price. ARRS was included in 18 notes of analysts from July 24, 2015. Needham maintained the stock with “Buy” rating in Thursday, February 18 report. Jefferies maintained ARRIS International plc (NASDAQ:ARRS) on Friday, July 29 with “Buy” rating. The rating was downgraded by Goldman Sachs on Monday, March 14 to “Neutral”. The stock of ARRIS International plc (NASDAQ:ARRS) has “Buy” rating given on Wednesday, September 9 by UBS. The firm earned “Overweight” rating on Thursday, February 18 by Barclays Capital. The stock of ARRIS International plc (NASDAQ:ARRS) has “Sell” rating given on Monday, September 21 by Zacks. On Friday, July 24 the stock rating was initiated by Drexel Hamilton with “Buy”. The firm earned “Outperform” rating on Thursday, July 30 by RBC Capital Markets. Morgan Stanley initiated ARRIS International plc (NASDAQ:ARRS) rating on Tuesday, September 20. Morgan Stanley has “Overweight” rating and $34 price target. The rating was maintained by Needham on Thursday, October 29 with “Buy”.

ARRS Company Profile

ARRIS International plc (ARRIS), incorporated on April 20, 2015, focuses on entertainment and communications technology. The Firm operates in two divisions: Customer Premises Equipment (CPE), and Network & Cloud (N&C). The Firm 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. It is engaged in offering set-tops, digital video and IP television (IPTV) distribution systems, broadband access infrastructure platforms, and associated data and voice CPE, which it also sells directly to clients through retail channels. The Company’s solutions are complemented by an array of services, including technical support, repair and refurbishment, and system design and integration.

More notable recent ARRIS International plc (NASDAQ:ARRS) news were published by: Fool.com which released: “Why ARRIS International plc. Jumped 19% Higher Today” on July 28, 2016, also Fool.com with their article: “Why ARRIS International plc Stock Dropped Today” published on February 18, 2016, Fool.com published: “How ARRIS International plc Rose 30% in July” on August 07, 2016. More interesting news about ARRIS International plc (NASDAQ:ARRS) were released by: Seekingalpha.com and their article: “ARRIS International Plc (ARRS) Q3 2016 Results – Earnings Call Transcript” published on October 27, 2016 as well as Seekingalpha.com‘s news article titled: “ARRIS International Plc (ARRS) Robert J. Stanzione on Q2 2016 Results …” with publication date: July 28, 2016.

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By Marie Mckinney

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