RDI has been the subject of a number of other research reports. ValuEngine upgraded Reading International from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Zacks Investment Research upgraded Reading International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Reading International presently has a consensus rating of “Buy” and a consensus target price of $19.00.
RDI stock traded up $0.09 during midday trading on Thursday, reaching $13.56. The stock had a trading volume of 371 shares, compared to its average volume of 42,914. The stock has a market cap of $304.69 million, a PE ratio of 47.96 and a beta of 1.14. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a fifty day simple moving average of $12.41 and a two-hundred day simple moving average of $14.03. Reading International has a 52-week low of $11.50 and a 52-week high of $16.72.
In related news, EVP Margaret Cotter sold 8,500 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $12.36, for a total value of $105,060.00. Following the completion of the transaction, the executive vice president now owns 801,362 shares in the company, valued at approximately $9,904,834.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 20,000 shares of company stock valued at $259,225 in the last 90 days. 25.66% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in RDI. Bank of America Corp DE grew its position in Reading International by 75.0% during the 4th quarter. Bank of America Corp DE now owns 11,745 shares of the company’s stock worth $171,000 after purchasing an additional 5,035 shares during the period. Dimensional Fund Advisors LP grew its position in Reading International by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,166,668 shares of the company’s stock worth $16,963,000 after purchasing an additional 16,674 shares during the period. BNP Paribas Arbitrage SA grew its position in Reading International by 511.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,516 shares of the company’s stock worth $56,000 after purchasing an additional 2,941 shares during the period. Acadian Asset Management LLC grew its position in Reading International by 45.7% during the 1st quarter. Acadian Asset Management LLC now owns 97,244 shares of the company’s stock worth $1,553,000 after purchasing an additional 30,507 shares during the period. Finally, Kennedy Capital Management Inc. grew its position in Reading International by 32.4% during the 1st quarter. Kennedy Capital Management Inc. now owns 300,344 shares of the company’s stock worth $4,793,000 after purchasing an additional 73,580 shares during the period. 39.68% of the stock is currently owned by institutional investors.
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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