Wilen Investment Management CORP. lessened its stake in Reading International, Inc. (NASDAQ:RDI) by 10.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 50,442 shares of the company’s stock after selling 5,800 shares during the quarter. Wilen Investment Management CORP.’s holdings in Reading International were worth $794,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Reading International by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,166,668 shares of the company’s stock valued at $16,963,000 after buying an additional 16,674 shares during the period. BlackRock Inc. raised its holdings in Reading International by 3.0% in the 4th quarter. BlackRock Inc. now owns 919,534 shares of the company’s stock worth $13,371,000 after purchasing an additional 26,544 shares during the period. Vanguard Group Inc. raised its holdings in Reading International by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 675,778 shares of the company’s stock worth $10,677,000 after purchasing an additional 10,331 shares during the period. Teton Advisors Inc. raised its holdings in Reading International by 1.1% in the 1st quarter. Teton Advisors Inc. now owns 506,852 shares of the company’s stock worth $8,089,000 after purchasing an additional 5,500 shares during the period. Finally, Kennedy Capital Management Inc. raised its holdings in Reading International by 32.4% in 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. 39.61% of the stock is owned by institutional investors and hedge funds.
NASDAQ RDI traded up $0.09 during trading hours on Friday, reaching $13.46. The company’s stock had a trading volume of 139 shares, compared to its average volume of 35,960. Reading International, Inc. has a 1-year low of $12.75 and a 1-year high of $16.72. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.01. The stock has a market capitalization of $302.41 million, a price-to-earnings ratio of 21.65 and a beta of 1.24.
Reading International (NASDAQ:RDI) last posted its quarterly earnings data on Friday, May 10th. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $61.55 million for the quarter, compared to analysts’ expectations of $65.60 million. Equities analysts predict that Reading International, Inc. will post 0.44 EPS for the current fiscal year.
A number of equities analysts recently weighed in on the company. BidaskClub cut Reading International from a “hold” rating to a “sell” rating in a report on Saturday, February 23rd. Zacks Investment Research cut Reading International from a “hold” rating to a “sell” rating in a report 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 presently has a consensus rating of “Hold” and a consensus target price of $19.00.
In other Reading International news, insider Margaret Cotter sold 13,995 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $16.03, for a total transaction of $224,339.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 32,500 shares of company stock valued at $469,521. 25.66% of the stock is owned by company insiders.
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.
Further Reading: Green Investing
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