Reading International, Inc. (NASDAQ:RDI – Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.51 and traded as low as $1.27. Reading International shares last traded at $1.29, with a volume of 20,771 shares changing hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on Reading International in a report on Tuesday. They issued a “sell” rating on the stock.
Check Out Our Latest Research Report on RDI
Reading International Price Performance
Institutional Investors Weigh In On Reading International
Several hedge funds and other institutional investors have recently made changes to their positions in RDI. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Reading International in the 4th quarter valued at $354,000. Krilogy Financial LLC grew its stake in shares of 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 purchasing an additional 246,000 shares during the period. Wells Fargo & Company MN grew its stake in shares of Reading International by 19.1% during the fourth quarter. Wells Fargo & Company MN now owns 227,755 shares of the company’s stock worth $301,000 after purchasing an additional 36,561 shares during the period. Wittenberg Investment Management Inc. grew its stake in shares of Reading International by 1.4% during the third 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 during the period. Finally, Geode Capital Management LLC grew its stake 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 purchasing an additional 19,224 shares during the period. 44.70% of the stock is 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.
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