Reading International (NASDAQ:RDI) Receives New Coverage from Analysts at StockNews.com

by · The Markets Daily

StockNews.com initiated coverage on shares of Reading International (NASDAQ:RDI – Free Report) in a report published on Sunday. The firm issued a sell rating on the stock.

Reading International Stock Down 1.5 %

Shares of NASDAQ:RDI opened at $1.86 on Friday. The company has a 50 day moving average price of $1.92 and a two-hundred day moving average price of $2.33. The company has a debt-to-equity ratio of 3.94, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market capitalization of $41.29 million, a PE ratio of -1.31 and a beta of 1.53. Reading International has a 52 week low of $1.71 and a 52 week high of $3.72.

Reading International (NASDAQ:RDI – Get Free Report) last released its quarterly earnings data on Tuesday, November 14th. The company reported ($0.20) EPS for the quarter. The firm had revenue of $66.56 million during the quarter. Reading International had a negative net margin of 14.03% and a negative return on equity of 61.81%.

Insider Activity

In related news, major shareholder Mark Cuban sold 1,813 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $20.21, for a total transaction of $36,640.73. Following the completion of the sale, the insider now directly owns 172,555 shares of the company’s stock, valued at approximately $3,487,336.55. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 23.53% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Atria Wealth Solutions Inc. bought a new stake in Reading International in the 1st quarter valued at approximately $54,000. Tower Research Capital LLC TRC boosted its holdings in Reading International by 236.5% during the third quarter. Tower Research Capital LLC TRC now owns 17,005 shares of the company’s stock worth $56,000 after purchasing an additional 11,951 shares during the last quarter. Charles Schwab Investment Management Inc. bought a new position in Reading International in the first quarter valued at $71,000. Gabelli Funds LLC increased its stake in Reading International by 25.3% in the 1st quarter. Gabelli Funds LLC now owns 62,000 shares of the company’s stock valued at $202,000 after buying an additional 12,500 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Reading International by 6.2% during the 2nd quarter. BlackRock Inc. now owns 96,902 shares of the company’s stock worth $257,000 after buying an additional 5,629 shares in the last quarter. 47.35% of the stock is owned by institutional investors and hedge funds.

Reading International Company Profile

(Get Free Report)

Reading International, Inc, together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. The company operates in two segments, Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas.

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