Reading International (NASDAQ:RDI) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Reading International (NASDAQ:RDI) in a report issued on Monday. The firm set a “sell” rating on the stock.

Reading International Stock Up 2.2 %

Shares of RDI stock opened at $1.40 on Monday. Reading International has a 12 month low of $1.22 and a 12 month high of $1.95. The firm has a market cap of $31.40 million, a PE ratio of -0.74 and a beta of 1.62. The stock has a 50 day moving average of $1.48 and a 200-day moving average of $1.53. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 35.04.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings in shares of Reading International by 10.1% during the fourth quarter. Geode Capital Management LLC now owns 210,461 shares of the company’s stock worth $278,000 after buying an additional 19,224 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Reading International by 19.1% in the fourth quarter. Wells Fargo & Company MN now owns 227,755 shares of the company’s stock valued at $301,000 after purchasing an additional 36,561 shares in the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Reading International in the fourth quarter valued at $354,000. Gamco Investors INC. ET AL raised its stake in shares of Reading International by 3.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 272,100 shares of the company’s stock valued at $359,000 after purchasing an additional 9,500 shares in the last quarter. Finally, Wittenberg Investment Management Inc. raised its stake in shares of Reading International by 1.4% in the third quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock valued at $2,541,000 after purchasing an additional 21,483 shares in the last quarter. 44.70% of the stock is currently owned by institutional investors and hedge funds.

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.