Reading International (NASDAQ:RDI) Coverage Initiated at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDIGet Free Report) in a research note issued to investors on Tuesday. The firm set a “sell” rating on the stock.

Reading International Stock Performance

RDI opened at $1.29 on Tuesday. The company has a market cap of $28.93 million, a P/E ratio of -0.69 and a beta of 1.62. 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’s 50-day moving average price is $1.47 and its 200-day moving average price is $1.51. Reading International has a 52-week low of $1.22 and a 52-week high of $1.95.

Institutional Trading of Reading International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Krilogy Financial LLC grew its holdings in Reading International by 11.6% during the fourth quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock worth $3,115,000 after acquiring an additional 246,000 shares during the period. Wittenberg Investment Management Inc. boosted its position in Reading International by 1.4% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock worth $2,541,000 after purchasing an additional 21,483 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Reading International by 3.6% during the 4th quarter. Gamco Investors INC. ET AL now owns 272,100 shares of the company’s stock worth $359,000 after purchasing an additional 9,500 shares during the period. MassMutual Private Wealth & Trust FSB purchased a new position in shares of Reading International during the 4th quarter valued at approximately $354,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Reading International by 19.1% in the 4th 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 during the period. Institutional investors and hedge funds own 44.70% of the company’s stock.

About Reading International

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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.

Further Reading

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