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

StockNews.com initiated coverage on shares of Reading International (NASDAQ:RDI) in a research note published on Wednesday morning. The firm issued a sell rating on the stock.

Reading International Stock Performance

Reading International stock opened at $1.25 on Wednesday. Reading International has a 1-year low of $1.22 and a 1-year high of $1.90. The firm has a market cap of $28.03 million, a P/E ratio of -0.66 and a beta of 1.62. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 35.04. The firm has a 50-day moving average of $1.47 and a 200-day moving average of $1.49.

Institutional Investors Weigh In On Reading International

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in Reading International by 10.1% in the fourth quarter. Geode Capital Management LLC now owns 210,461 shares of the company’s stock worth $278,000 after buying an additional 19,224 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Reading International by 19.1% during the 4th quarter. Wells Fargo & Company MN now owns 227,755 shares of the company’s stock worth $301,000 after acquiring an additional 36,561 shares during the period. MassMutual Private Wealth & Trust FSB bought a new position in shares of Reading International in the 4th quarter worth approximately $354,000. Gamco Investors INC. ET AL lifted its stake in shares of Reading International by 3.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 272,100 shares of the company’s stock valued at $359,000 after purchasing an additional 9,500 shares during the period. Finally, Krilogy Financial LLC boosted its position 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 valued at $3,115,000 after purchasing an additional 246,000 shares in the last quarter. 44.70% of the stock is 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.