Reading International, Inc. (NASDAQ:RDI) Insider James J. Cotter Living Trust Sells 4,000 Shares of Stock

Posted by on Apr 8th, 2021 // Comments off

Reading International, Inc. (NASDAQ:RDI) insider James J. Cotter Living Trust sold 4,000 shares of the stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $6.33, for a total value of $25,320.00. Following the completion of the transaction, the insider now directly owns 788,841 shares of the company’s stock, valued at $4,993,363.53. The sale was disclosed in a filing with the SEC, which is available through this link.

James J. Cotter Living Trust also recently made the following trade(s):

  • On Wednesday, April 7th, James J. Cotter Living Trust sold 4,000 shares of Reading International stock. The stock was sold at an average price of $6.41, for a total value of $25,640.00.
  • On Wednesday, March 24th, James J. Cotter Living Trust sold 4,000 shares of Reading International stock. The stock was sold at an average price of $6.33, for a total value of $25,320.00.
  • On Monday, March 22nd, James J. Cotter Living Trust sold 4,000 shares of Reading International stock. The stock was sold at an average price of $6.81, for a total value of $27,240.00.
  • On Wednesday, March 17th, James J. Cotter Living Trust sold 4,000 shares of Reading International stock. The stock was sold at an average price of $6.81, for a total value of $27,240.00.
  • On Monday, March 15th, James J. Cotter Living Trust sold 4,000 shares of Reading International stock. The stock was sold at an average price of $7.12, for a total value of $28,480.00.

Shares of RDI stock opened at $6.44 on Thursday. Reading International, Inc. has a 12-month low of $2.21 and a 12-month high of $7.64. The firm has a market capitalization of $140.06 million, a price-to-earnings ratio of -1.87 and a beta of 2.03. The business has a 50 day simple moving average of $6.78 and a 200 day simple moving average of $5.00. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.43 and a quick ratio of 0.43.

Reading International (NASDAQ:RDI) last issued its quarterly earnings data on Wednesday, March 31st. The company reported ($0.80) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.81) by $0.01. Reading International had a negative return on equity of 42.01% and a negative net margin of 57.16%.

A number of hedge funds and other institutional investors have recently modified their holdings of RDI. Wolverine Trading LLC bought a new position in Reading International during the 4th quarter valued at $67,000. Squarepoint Ops LLC bought a new position in Reading International during the 3rd quarter valued at $98,000. Finally, Nantahala Capital Management LLC boosted its stake in Reading International by 21.5% during the 3rd quarter. Nantahala Capital Management LLC now owns 1,900,818 shares of the company’s stock valued at $6,121,000 after purchasing an additional 336,184 shares in the last quarter. 41.86% of the stock is owned by hedge funds and other institutional investors.

About Reading International

Reading International, Inc, together with its subsidiaries, 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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