Reading International (NASDAQ:RDI) Now Covered by Analysts at StockNews.com

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

Reading International Trading Up 5.9%

Reading International stock opened at $1.43 on Tuesday. The firm has a 50 day simple moving average of $1.31 and a 200-day simple moving average of $1.41. The company has a debt-to-equity ratio of 35.04, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market capitalization of $31.87 million, a PE ratio of -0.76 and a beta of 1.32. Reading International has a 12-month low of $1.17 and a 12-month high of $1.89.

Reading International (NASDAQ:RDI) last posted its quarterly earnings data on Monday, March 31st. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.31. The business had revenue of $58.58 million during the quarter, compared to analysts’ expectations of $53.00 million. Reading International had a negative net margin of 21.22% and a negative return on equity of 258.21%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RDI. Krilogy Financial LLC boosted its stake in Reading International by 6.1% in the 1st quarter. Krilogy Financial LLC now owns 2,502,610 shares of the company’s stock worth $3,479,000 after purchasing an additional 143,000 shares during the period. Gamco Investors INC. ET AL boosted its stake in Reading International by 3.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 272,100 shares of the company’s stock worth $359,000 after purchasing an additional 9,500 shares during the period. MassMutual Private Wealth & Trust FSB acquired a new position in Reading International in the 4th quarter worth approximately $354,000. Wells Fargo & Company MN boosted its stake in Reading International by 19.1% in the 4th quarter. Wells Fargo & Company MN now owns 227,755 shares of the company’s stock worth $301,000 after purchasing an additional 36,561 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Reading International by 10.1% in the 4th quarter. Geode Capital Management LLC now owns 210,461 shares of the company’s stock worth $278,000 after purchasing an additional 19,224 shares during the period. 44.70% of the stock is currently owned by 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.