Reading International, Inc. (NASDAQ:RDI) Insider Margaret Cotter Sells 4,000 Shares

Reading International, Inc. (NASDAQ:RDI) insider Margaret Cotter sold 4,000 shares of Reading International stock in a transaction on Monday, June 17th. The stock was sold at an average price of $13.51, for a total value of $54,040.00. Following the sale, the insider now owns 808,862 shares in the company, valued at $10,927,725.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Margaret Cotter also recently made the following trade(s):

  • On Friday, June 7th, Margaret Cotter sold 11,505 shares of Reading International stock. The stock was sold at an average price of $13.13, for a total value of $151,060.65.
  • On Wednesday, May 29th, Margaret Cotter sold 5,000 shares of Reading International stock. The stock was sold at an average price of $13.06, for a total value of $65,300.00.
  • On Thursday, May 16th, Margaret Cotter sold 2,000 shares of Reading International stock. The stock was sold at an average price of $14.41, for a total value of $28,820.00.
  • On Thursday, March 21st, Margaret Cotter sold 13,995 shares of Reading International stock. The stock was sold at an average price of $16.03, for a total value of $224,339.85.

Reading International stock traded up $0.08 during midday trading on Thursday, reaching $13.43. The stock had a trading volume of 2,023 shares, compared to its average volume of 37,625. Reading International, Inc. has a 12 month low of $12.75 and a 12 month high of $16.72. The stock has a market capitalization of $308.35 million, a P/E ratio of 21.66 and a beta of 1.24. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.24 and a current ratio of 0.24.



Reading International (NASDAQ:RDI) last announced its quarterly earnings data on Friday, May 10th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.17). Reading International had a net margin of 3.11% and a return on equity of 5.09%. The firm had revenue of $61.55 million during the quarter, compared to the consensus estimate of $65.60 million. Equities research analysts forecast that Reading International, Inc. will post 0.44 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on the company. BidaskClub cut Reading International from a “hold” rating to a “sell” rating in a research note on Saturday, February 23rd. Zacks Investment Research cut Reading International from a “hold” rating to a “sell” rating in a research note on Tuesday, May 14th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $19.00.

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Reading International by 1.6% in the third quarter. Vanguard Group Inc. now owns 675,778 shares of the company’s stock valued at $10,677,000 after acquiring an additional 10,331 shares in the last quarter. Rhumbline Advisers grew its stake in Reading International by 44.9% during the fourth quarter. Rhumbline Advisers now owns 23,950 shares of the company’s stock worth $348,000 after buying an additional 7,420 shares in the last quarter. First Trust Advisors LP grew its stake in Reading International by 18.8% during the fourth quarter. First Trust Advisors LP now owns 29,615 shares of the company’s stock worth $431,000 after buying an additional 4,693 shares in the last quarter. LPL Financial LLC acquired a new stake in Reading International during the fourth quarter worth about $160,000. Finally, Acadian Asset Management LLC grew its stake in Reading International by 1,099.2% during the fourth quarter. Acadian Asset Management LLC now owns 66,737 shares of the company’s stock worth $968,000 after buying an additional 61,172 shares in the last quarter. Institutional investors and hedge funds own 39.48% of the company’s stock.

Reading International Company Profile

Reading International, Inc engages in 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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Insider Buying and Selling by Quarter for Reading International (NASDAQ:RDI)

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