Gilder Gagnon Howe & Co. LLC Buys 1,621,460 Shares of Eros International PLC (EROS)

Gilder Gagnon Howe & Co. LLC lifted its holdings in Eros International PLC (NYSE:EROS) by 64.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,128,989 shares of the company’s stock after acquiring an additional 1,621,460 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned approximately 8.55% of Eros International PLC worth $59,045,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in EROS. American International Group Inc. boosted its holdings in shares of Eros International PLC by 7.1% in the 1st quarter. American International Group Inc. now owns 18,219 shares of the company’s stock worth $188,000 after acquiring an additional 1,205 shares in the last quarter. Boston Common Asset Management LLC boosted its holdings in shares of Eros International PLC by 4.5% in the 2nd quarter. Boston Common Asset Management LLC now owns 21,675 shares of the company’s stock worth $248,000 after acquiring an additional 930 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Eros International PLC in the 1st quarter worth approximately $256,000. Parametric Portfolio Associates LLC boosted its holdings in shares of Eros International PLC by 36.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,135 shares of the company’s stock worth $345,000 after acquiring an additional 8,041 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Eros International PLC by 31.4% in the 2nd quarter. Van ECK Associates Corp now owns 273,294 shares of the company’s stock worth $912,000 after acquiring an additional 65,253 shares in the last quarter. 57.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of Eros International PLC (NYSE:EROS) traded down $0.20 during trading on Monday, hitting $12.85. 277,700 shares of the company’s stock traded hands, compared to its average volume of 516,019. The company has a market cap of $620.39, a PE ratio of 1,285.00, a price-to-earnings-growth ratio of 4.08 and a beta of 0.57. Eros International PLC has a 52 week low of $6.65 and a 52 week high of $18.10. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.10.

Eros International PLC (NYSE:EROS) last issued its earnings results on Friday, October 6th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $60.83 million for the quarter. Eros International PLC had a net margin of 0.20% and a return on equity of 0.03%. research analysts forecast that Eros International PLC will post 0.21 earnings per share for the current fiscal year.

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Several research analysts have recently commented on the company. BidaskClub downgraded Eros International PLC from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Wells Fargo & Company restated an “outperform” rating on shares of Eros International PLC in a research report on Wednesday, August 9th. ValuEngine cut shares of Eros International PLC from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of Eros International PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $17.00 price objective (up previously from $15.00) on shares of Eros International PLC in a research report on Monday, October 9th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $17.00.

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.

Institutional Ownership by Quarter for Eros International PLC (NYSE:EROS)

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