Reading International, Inc. (NASDAQ:RDI) insider Margaret Cotter sold 11,505 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $13.13, for a total value of $151,060.65. Following the completion of the sale, the insider now owns 808,862 shares in the company, valued at $10,620,358.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Margaret Cotter also recently made the following trade(s):
- 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 shares were 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 shares were sold at an average price of $16.03, for a total transaction of $224,339.85.
Shares of NASDAQ RDI opened at $13.26 on Wednesday. Reading International, Inc. has a 1-year low of $12.75 and a 1-year high of $16.72. The stock has a market capitalization of $303.99 million, a price-to-earnings ratio of 21.39 and a beta of 1.24. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.01.
Reading International (NASDAQ:RDI) last announced its quarterly earnings data on Friday, May 10th. The company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.17). Reading International had a return on equity of 5.09% and a net margin of 3.11%. The business had revenue of $61.55 million during the quarter, compared to the consensus estimate of $65.60 million. On average, equities research analysts anticipate that Reading International, Inc. will post 0.44 earnings per share for the current year.
Several analysts have recently issued reports on RDI shares. BidaskClub cut shares of Reading International from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 21st. Zacks Investment Research lowered shares of Reading International from a “hold” rating to a “sell” rating in a research note on Tuesday, May 14th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $19.00.
Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in Reading International by 3.3% during the 1st quarter. Geode Capital Management LLC now owns 201,354 shares of the company’s stock worth $3,213,000 after purchasing an additional 6,435 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Reading International by 6.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 38,296 shares of the company’s stock valued at $612,000 after acquiring an additional 2,424 shares in the last quarter. Northern Trust Corp boosted its holdings in Reading International by 0.7% during the first quarter. Northern Trust Corp now owns 209,549 shares of the company’s stock worth $3,345,000 after buying an additional 1,363 shares in the last quarter. Kennedy Capital Management Inc. lifted its position in shares of Reading International by 32.4% in the 1st quarter. Kennedy Capital Management Inc. now owns 300,344 shares of the company’s stock valued at $4,793,000 after acquiring an additional 73,580 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Reading International by 45.7% in the 1st quarter. Acadian Asset Management LLC now owns 97,244 shares of the company’s stock valued at $1,553,000 after acquiring an additional 30,507 shares in the last quarter. 39.61% of the stock is owned by hedge funds and other institutional investors.
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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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