Bank of New York Mellon Corp boosted its position in shares of Eros International PLC (NYSE:EROS) by 2.5% during the second quarter, Holdings Channel reports. The fund owned 60,985 shares of the company’s stock after buying an additional 1,487 shares during the period. Bank of New York Mellon Corp owned 0.11% of Eros International PLC worth $992,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in Eros International PLC by 7.2% in the first quarter. Geode Capital Management LLC now owns 29,695 shares of the company’s stock worth $341,000 after buying an additional 1,994 shares during the last quarter. Boston Common Asset Management LLC raised its position in Eros International PLC by 5.1% in the second quarter. Boston Common Asset Management LLC now owns 84,150 shares of the company’s stock worth $1,369,000 after buying an additional 4,080 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Eros International PLC during the second quarter worth about $359,000. Institutional investors and hedge funds own 67.51% of the company’s stock.
Eros International PLC (NYSE:EROS) traded up 1.70% during trading on Friday, hitting $16.19. 149,031 shares of the stock were exchanged. The firm has a 50-day moving average of $16.08 and a 200-day moving average of $15.09. Eros International PLC has a 52 week low of $5.59 and a 52 week high of $26.48. The stock has a market capitalization of $938.99 million, a price-to-earnings ratio of 199.88 and a beta of 1.03.
Eros International PLC (NYSE:EROS) last posted its quarterly earnings results on Friday, September 9th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.08. Eros International PLC had a return on equity of 0.69% and a net margin of 1.88%. The firm had revenue of $71.10 million for the quarter. During the same quarter in the prior year, the business earned $0.02 earnings per share. The company’s quarterly revenue was up 42.2% on a year-over-year basis. Equities research analysts anticipate that Eros International PLC will post $0.49 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on EROS shares. Jefferies Group reiterated a “buy” rating and issued a $17.00 target price (up from $14.00) on shares of Eros International PLC in a research note on Wednesday, June 29th. Bank of America Corp. restated a “hold” rating on shares of Eros International PLC in a research report on Thursday, June 30th. Zacks Investment Research lowered shares of Eros International PLC from a “hold” rating to a “strong sell” rating in a research report on Friday, July 1st. Finally, Wells Fargo & Co. restated a “market perform” rating and issued a $15.00 price target on shares of Eros International PLC in a research report on Thursday, September 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.58.
About Eros International PLC
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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