Eros International Target of Unusually Large Options Trading (EROS)

Eros International plc (NYSE:EROS) was the recipient of some unusual options trading activity on Friday. Stock traders bought 2,407 put options on the stock. This is an increase of approximately 965% compared to the typical daily volume of 226 put options.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in Eros International in the third quarter valued at approximately $1,605,000. Gilder Gagnon Howe & Co. LLC raised its position in Eros International by 64.7% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 4,128,989 shares of the company’s stock valued at $59,045,000 after purchasing an additional 1,621,460 shares during the period. State Street Corp raised its position in Eros International by 7.1% in the second quarter. State Street Corp now owns 524,135 shares of the company’s stock valued at $6,002,000 after purchasing an additional 34,838 shares during the period. Boston Common Asset Management LLC raised its position in Eros International by 4.5% in the second quarter. Boston Common Asset Management LLC now owns 21,675 shares of the company’s stock valued at $248,000 after purchasing an additional 930 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in Eros International by 36.4% in the second quarter. Parametric Portfolio Associates LLC now owns 30,135 shares of the company’s stock valued at $345,000 after purchasing an additional 8,041 shares during the period. 60.49% of the stock is currently owned by institutional investors.

Shares of Eros International (NYSE EROS) opened at $11.00 on Monday. The stock has a market capitalization of $566.79, a P/E ratio of 275.07, a price-to-earnings-growth ratio of 3.76 and a beta of 0.56. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.44 and a quick ratio of 1.44. Eros International has a 12-month low of $6.65 and a 12-month high of $16.90.

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

Several research firms have recently commented on EROS. Jefferies Group reaffirmed a “buy” rating and set a $17.00 price target (up previously from $15.00) on shares of Eros International in a research report on Monday, October 9th. ValuEngine lowered Eros International from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. BidaskClub raised Eros International from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Zacks Investment Research lowered Eros International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $17.00 target price (up previously from $16.00) on shares of Eros International in a research report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Eros International has a consensus rating of “Hold” and a consensus target price of $17.00.

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Eros International 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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