Nantahala Capital Management LLC Lowers Position in Reading International, Inc. (NASDAQ:RDI)

Nantahala Capital Management LLC decreased its holdings in shares of Reading International, Inc. (NASDAQ:RDI) by 4.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,244,573 shares of the company’s stock after selling 140,680 shares during the period. Nantahala Capital Management LLC owned 14.47% of Reading International worth $4,607,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wittenberg Investment Management Inc. lifted its stake in shares of Reading International by 3.2% during the 4th quarter. Wittenberg Investment Management Inc. now owns 1,501,598 shares of the company’s stock worth $2,868,000 after purchasing an additional 46,586 shares during the last quarter. Krilogy Financial LLC lifted its position in shares of Reading International by 6.7% during the second quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock valued at $2,815,000 after buying an additional 124,326 shares during the last quarter. Finally, Logan Stone Capital LLC purchased a new stake in shares of Reading International during the second quarter valued at about $38,000. Institutional investors own 44.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on RDI shares. Macquarie boosted their price objective on shares of Reading International from $2.00 to $2.40 and gave the stock a “neutral” rating in a research note on Tuesday, July 9th. StockNews.com began coverage on Reading International in a research report on Tuesday. They set a “sell” rating on the stock.

Reading International Stock Up 1.2 %

NASDAQ:RDI opened at $1.63 on Tuesday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 15.80. Reading International, Inc. has a twelve month low of $1.22 and a twelve month high of $2.27. The company has a market cap of $36.55 million, a PE ratio of -1.11 and a beta of 1.61. The company’s 50 day moving average is $1.61 and its two-hundred day moving average is $1.61.

Reading International (NASDAQ:RDI) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.42) earnings per share for the quarter. The firm had revenue of $46.81 million during the quarter. Reading International had a negative net margin of 19.32% and a negative return on equity of 153.86%.

Reading International Company Profile

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.