Steven John Lucas Sells 10,000 Shares of Reading International, Inc. (NASDAQ:RDI) Stock

Reading International, Inc. (NASDAQ:RDI) CAO Steven John Lucas sold 10,000 shares of Reading International stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $1.81, for a total value of $18,100.00. Following the completion of the sale, the chief accounting officer now owns 45,087 shares in the company, valued at $81,607.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Reading International Price Performance

Shares of RDI traded down $0.05 on Wednesday, reaching $1.67. The stock had a trading volume of 2,614 shares, compared to its average volume of 16,344. The firm has a 50-day moving average of $1.45 and a 200 day moving average of $1.64. The firm has a market capitalization of $37.45 million, a PE ratio of -1.16 and a beta of 1.59. Reading International, Inc. has a twelve month low of $1.22 and a twelve month high of $2.59. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 8.61.

Reading International (NASDAQ:RDI) last posted its earnings results on Wednesday, August 14th. The company reported ($0.42) earnings per share for the quarter. Reading International had a negative net margin of 14.77% and a negative return on equity of 93.46%. The firm had revenue of $46.81 million during the quarter.

Analyst Ratings Changes

A number of equities research analysts have commented on RDI shares. StockNews.com started coverage on Reading International in a report on Thursday, August 22nd. They issued a “sell” rating for the company. 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 report on Tuesday, July 9th.

Hedge Funds Weigh In On Reading International

Hedge funds have recently added to or reduced their stakes in the business. Krilogy Financial LLC grew its position in shares of Reading International by 6.7% in the second quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock valued at $2,815,000 after purchasing an additional 124,326 shares during the last quarter. Wittenberg Investment Management Inc. lifted its stake in Reading International by 3.2% in the 4th quarter. Wittenberg Investment Management Inc. now owns 1,501,598 shares of the company’s stock valued at $2,868,000 after buying an additional 46,586 shares in the last quarter. Finally, Logan Stone Capital LLC acquired a new stake in Reading International during the 2nd quarter valued at $38,000. 44.70% of the stock is currently owned by hedge funds and other institutional investors.

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.