American International Group Inc. increased its stake in shares of Eros International PLC (NYSE:EROS) by 7.1% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 18,219 shares of the company’s stock after buying an additional 1,205 shares during the period. American International Group Inc.’s holdings in Eros International PLC were worth $188,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in shares of Eros International PLC by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 119,483 shares of the company’s stock valued at $1,230,000 after buying an additional 3,897 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Eros International PLC by 25.4% in the fourth quarter. Teachers Advisors LLC now owns 55,045 shares of the company’s stock valued at $718,000 after buying an additional 11,159 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Eros International PLC by 3.8% in the fourth quarter. State Street Corp now owns 471,850 shares of the company’s stock valued at $6,157,000 after buying an additional 17,405 shares during the last quarter. 72.39% of the stock is owned by institutional investors.
Shares of Eros International PLC (NYSE:EROS) traded down 2.70% during mid-day trading on Friday, hitting $7.20. The company had a trading volume of 507,863 shares. Eros International PLC has a 52 week low of $6.65 and a 52 week high of $18.85. The firm has a market capitalization of $427.95 million, a PE ratio of 141.18 and a beta of 0.49. The firm has a 50-day moving average price of $10.61 and a 200-day moving average price of $10.61.
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EROS has been the topic of several research analyst reports. Jefferies Group LLC restated a “buy” rating and set a $18.00 target price on shares of Eros International PLC in a research report on Monday, April 24th. ValuEngine lowered Eros International PLC from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Zacks Investment Research lowered Eros International PLC from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. BidaskClub lowered Eros International PLC from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, TheStreet lowered Eros International PLC from a “c” rating to a “d+” rating in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.33.
Eros International PLC Company Profile
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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