SEC Exclusive: Temasek Holdings Private LTD Stake in Eros Intl Plc (EROS) Upped by $20.69 Million as Share Value Declined

SEC Exclusive: Temasek Holdings Private LTD Stake in Eros Intl Plc (EROS) Upped by $20.69 Million as Share Value Declined

Temasek Holdings Private Ltd increased its stake in Eros Intl Plc (EROS) by 100.24% based on its latest 2016Q3 regulatory filing with the SEC. Temasek Holdings Private Ltd bought 1.38 million shares as the company’s stock declined 6.93% while stock markets rallied. The institutional investor held 2.76M shares of the movies and entertainment company at the end of 2016Q3, valued at $42.21 million, up from 1.38 million at the end of the previous reported quarter. Temasek Holdings Private Ltd who had been investing in Eros Intl Plc for a number of months, seems to be bullish on the $649.98M market cap company. The stock is up 4.46% or $0.5 after the positive news, hitting $11.7 per share. About 323,737 shares traded hands or 3.52% up from the average. Eros International plc (NYSE:EROS) has declined 18.13% since June 7, 2016 and is downtrending. It has underperformed by 25.55% the S&P500.

Temasek Holdings Private Ltd, which manages about $12.35B US Long portfolio, decreased its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 14.51 million shares to 39.56M shares, valued at $4.19 billion in 2016Q3, according to the filing.

More important recent Eros International plc (NYSE:EROS) news were published by: Finance.Yahoo.com which released: “Eros International Plc Announces Strong Film Production Slate for 2017-2018” on January 11, 2017, also Valuewalk.com published article titled: “Asensio.com Questions Eros International Plc’s Audit Standards Amid Concerns …”, Seekingalpha.com published: “Continue To Avoid Eros After Terrible Earnings” on February 19, 2016. More interesting news about Eros International plc (NYSE:EROS) was released by: Businesswire.com and their article: “Eros International Plc Reaffirms Successful Outcome of Audit Committee’s …” with publication date: June 08, 2016.

According to Zacks Investment Research, “Eros International Plc co-produces, acquires and distributes Indian language film content across multiple formats globally, including theatrical, television and digital channels. It distributes Indian-made films, known as Bollywood movies, in the United Kingdom, United States, Australia, the United Arab Emirates, and India. The Company releases Indian films that are subtitled or dubbed in local languages to Germany, Poland, Russia, Indonesia, Malaysia, Taiwan, Japan, South Korea, China and Arabic speaking countries. Eros International Plc is based in Douglas, the United Kingdom.”

Eros International plc (NYSE:EROS) Ratings Coverage

Out of 4 analysts covering Eros International (NYSE:EROS), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Eros International has been the topic of 5 analyst reports since August 12, 2015 according to StockzIntelligence Inc. On Thursday, February 18 the stock rating was maintained by Macquarie Research with “Outperform”. Jefferies maintained Eros International plc (NYSE:EROS) on Wednesday, August 12 with “Buy” rating. Jefferies maintained Eros International plc (NYSE:EROS) rating on Wednesday, November 18. Jefferies has “Buy” rating and $21 price target. Wells Fargo upgraded the stock to “Outperform” rating in Friday, December 9 report.

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