Analysts at StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI – Get Free Report) in a research report issued on Tuesday. The firm set a “sell” rating on the stock.
Separately, Macquarie upped their target price on Reading International from $2.00 to $2.40 and gave the stock a “neutral” rating in a report on Tuesday, July 9th.
Check Out Our Latest Report on Reading International
Reading International Stock Performance
Reading International (NASDAQ:RDI – Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.42) EPS for the quarter. The business had revenue of $46.81 million for the quarter. Reading International had a negative net margin of 19.32% and a negative return on equity of 153.86%.
Institutional Trading of Reading International
A number of hedge funds and other institutional investors have recently modified their holdings of RDI. Logan Stone Capital LLC bought a new position in shares of Reading International in the 2nd quarter worth about $38,000. Krilogy Financial LLC lifted its holdings 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 purchasing an additional 124,326 shares during the last quarter. Finally, Wittenberg Investment Management Inc. lifted its holdings in shares of Reading International by 0.7% during the first quarter. Wittenberg Investment Management Inc. now owns 1,512,738 shares of the company’s stock valued at $2,783,000 after purchasing an additional 11,140 shares during the last quarter. 44.70% of the stock is owned by hedge funds and other institutional investors.
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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