5.2% Stake of Eros International plc (EROS) Held by Jupiter Asset Management Ltd

Jupiter Asset Management Ltd

recently stated that they own 5.2% of Eros International plc (NYSE:EROS) in a Schedule 13G/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Wednesday, February 14th. The investor owns 2,506,069 shares of the stock worth about $31,751,894. The filing is available through Edgar at this hyperlink.

Jupiter Asset Management Ltd

provided the following explanation of their ownership:

Other institutional investors also recently modified their holdings of the company. Gilder Gagnon Howe & Co. LLC grew its position in shares of Eros International by 64.7% in the 3rd 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 during the period. SG Americas Securities LLC bought a new position in Eros International in the 3rd quarter worth about $1,605,000. State Street Corp boosted its stake in Eros International by 7.1% in the 2nd quarter. State Street Corp now owns 524,135 shares of the company’s stock worth $6,002,000 after purchasing an additional 34,838 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in Eros International 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 purchasing an additional 8,041 shares in the last quarter. 60.76% of the stock is currently owned by institutional investors and hedge funds.

Eros International plc (NYSE EROS) traded up $0.32 on Wednesday, reaching $12.67. 399,858 shares of the company’s stock traded hands, compared to its average volume of 436,005. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.10. The company has a market cap of $762.43, a PE ratio of 421.67, a P/E/G ratio of 4.21 and a beta of 0.73. Eros International plc has a 1-year low of $6.65 and a 1-year high of $16.90.

Eros International (NYSE:EROS) last posted its earnings results on Wednesday, November 22nd. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03). Eros International had a net margin of 0.96% and a return on equity of 0.22%. research analysts forecast that Eros International plc will post 0.2 earnings per share for the current fiscal year.

Several equities analysts have issued reports on EROS shares. ValuEngine cut shares of Eros International from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Zacks Investment Research cut shares of Eros International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Finally, BidaskClub upgraded shares of Eros International from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.00.

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

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