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

StockNews.com began coverage on shares of Reading International (NASDAQ:RDI) in a research report released on Friday. The brokerage issued a sell rating on the stock.

Reading International Stock Up 0.7 %

Shares of Reading International stock opened at $1.54 on Friday. The business has a 50-day moving average of $1.47 and a 200-day moving average of $1.53. 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 company has a market capitalization of $34.54 million, a PE ratio of -0.82 and a beta of 1.62. Reading International has a 1-year low of $1.22 and a 1-year high of $2.05.

Institutional Trading of Reading International

Several hedge funds have recently modified their holdings of RDI. Wittenberg Investment Management Inc. raised its holdings in shares of Reading International by 1.4% during the third quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock worth $2,541,000 after acquiring an additional 21,483 shares during the period. Krilogy Financial LLC raised its position in shares of Reading International by 11.6% in the 4th quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock valued at $3,115,000 after buying an additional 246,000 shares in the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in Reading International during the 4th quarter worth approximately $354,000. Geode Capital Management LLC increased its position in Reading International by 10.1% in the 4th quarter. Geode Capital Management LLC now owns 210,461 shares of the company’s stock valued at $278,000 after acquiring an additional 19,224 shares during the period. Finally, Wells Fargo & Company MN increased its position in Reading International by 19.1% in the 4th quarter. Wells Fargo & Company MN now owns 227,755 shares of the company’s stock valued at $301,000 after acquiring an additional 36,561 shares during the period. 44.70% of the stock is 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.