Geode Capital Management LLC Has $312,000 Stock Position in Reading International, Inc. (NASDAQ:RDI)

Geode Capital Management LLC decreased its position in shares of Reading International, Inc. (NASDAQ:RDI) by 9.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 191,237 shares of the company’s stock after selling 20,478 shares during the period. Geode Capital Management LLC owned 0.85% of Reading International worth $312,000 at the end of the most recent reporting period.

Separately, Logan Stone Capital LLC acquired a new stake in shares of Reading International in the second quarter worth about $38,000. 44.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Reading International in a research report on Monday. They issued a “sell” rating for the company.

Reading International Trading Down 2.1 %

Shares of RDI opened at $1.37 on Tuesday. Reading International, Inc. has a 12-month low of $1.22 and a 12-month high of $2.07. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 35.04. The firm has a market capitalization of $30.72 million, a price-to-earnings ratio of -0.73 and a beta of 1.61. The stock’s 50-day moving average price is $1.43 and its 200 day moving average price is $1.51.

About Reading International

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.