Eros International (NYSE:EROS) Trading 6.1% Higher
Eros International plc (NYSE:EROS) shares were up 6.1% during mid-day trading on Tuesday . The company traded as high as $3.88 and last traded at $3.85, approximately 3,176,000 shares were traded during trading. A decline of 11% from the average daily volume of 3,581,004 shares. The stock had previously closed at $3.63.
Separately, ValuEngine upgraded shares of Eros International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.
The business’s 50-day simple moving average is $3.17 and its 200-day simple moving average is $2.16.
A number of institutional investors and hedge funds have recently made changes to their positions in EROS. US Bancorp DE acquired a new position in Eros International during the second quarter worth about $80,000. First Foundation Advisors acquired a new position in Eros International during the second quarter worth about $29,000. Shah Capital Management raised its position in Eros International by 55.8% during the third quarter. Shah Capital Management now owns 3,738,472 shares of the company’s stock worth $7,140,000 after acquiring an additional 1,338,472 shares during the last quarter. Rhumbline Advisers raised its position in Eros International by 77.9% during the third quarter. Rhumbline Advisers now owns 87,289 shares of the company’s stock worth $167,000 after acquiring an additional 38,216 shares during the last quarter. Finally, Usca Ria LLC raised its position in Eros International by 12.3% during the third quarter. Usca Ria LLC now owns 58,300 shares of the company’s stock worth $111,000 after acquiring an additional 6,400 shares during the last quarter. Institutional investors own 31.76% of the company’s stock.
About Eros International (NYSE:EROS)
Eros International Plc, together with its subsidiaries, co-produces, acquires, and distributes Indian films in various formats worldwide. The company distributes its film content through various distribution channels, including theatrical, which includes multiplex chains and stand-alone theaters; television syndication that comprises satellite television broadcasting, cable television, and terrestrial television; and digital and ancillary, such as Internet protocol television, video on demand, music, inflight entertainment, home video, and Internet channels, as well as Eros Now online entertainment service.
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