Eros International plc (NYSE:EROS)’s share price was up 6% during trading on Thursday . The stock traded as high as $9.95 and last traded at $9.75. Approximately 501,778 shares traded hands during mid-day trading, a decline of 2% from the average daily volume of 511,886 shares. The stock had previously closed at $9.20.
Several equities analysts recently commented on EROS shares. Jefferies Group restated a “buy” rating and issued a $17.00 price target (up from $15.00) on shares of Eros International in a research note on Monday, October 9th. BidaskClub upgraded shares of Eros International from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. ValuEngine upgraded shares of Eros International from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Wells Fargo & Company restated an “outperform” rating and issued a $17.00 price target (up from $16.00) on shares of Eros International in a research note on Monday, October 9th. Finally, Zacks Investment Research downgraded shares of Eros International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.00.
The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.10. The stock has a market cap of $484.35, a P/E ratio of 235.00, a P/E/G ratio of 3.21 and a beta of 0.57.
A number of institutional investors have recently made changes to their positions in the business. Gilder Gagnon Howe & Co. LLC grew its stake in Eros International by 64.7% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 4,128,989 shares of the company’s stock worth $59,045,000 after buying an additional 1,621,460 shares in the last quarter. State Street Corp grew its stake in Eros International by 7.1% during the second quarter. State Street Corp now owns 524,135 shares of the company’s stock worth $6,002,000 after buying an additional 34,838 shares in the last quarter. Van ECK Associates Corp grew its stake in Eros International by 31.4% during the second quarter. Van ECK Associates Corp now owns 273,294 shares of the company’s stock worth $912,000 after buying an additional 65,253 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Eros International during the third quarter worth about $1,605,000. Finally, Parametric Portfolio Associates LLC grew its stake in Eros International by 36.4% during the second quarter. Parametric Portfolio Associates LLC now owns 30,135 shares of the company’s stock worth $345,000 after buying an additional 8,041 shares in the last quarter. Hedge funds and other institutional investors own 60.49% of the company’s stock.
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About Eros International
Eros International Plc (Eros) is a holding company, which serves the Indian film entertainment industry. The Company’s principal activities include the acquisition, co-production and distribution of Indian films and related content. It distributes its film content through the distribution channels, such as theatrical, including multiplex chains and standalone theaters; television syndication, including satellite television broadcasting, cable television and terrestrial television; digital and ancillary, including music, inflight entertainment, home video, Internet protocol television (IPTV), video on demand (VOD), and Internet channels and Eros Now.
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