StockNews.com Initiates Coverage on Reading International (NASDAQ:RDI)

StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDIGet Rating) in a report issued on Thursday. The firm set a “sell” rating on the stock.

Separately, TheStreet raised shares of Reading International from a “d” rating to a “c-” rating in a report on Monday, April 11th.

Shares of Reading International stock opened at $4.08 on Thursday. Reading International has a 52-week low of $3.80 and a 52-week high of $7.15. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 2.11. The company’s 50-day simple moving average is $4.21 and its 200-day simple moving average is $4.38. The firm has a market cap of $89.74 million, a price-to-earnings ratio of 2.85 and a beta of 1.48.

Reading International (NASDAQ:RDIGet Rating) last issued its quarterly earnings results on Wednesday, March 16th. The company reported $0.02 earnings per share (EPS) for the quarter. Reading International had a net margin of 22.95% and a negative return on equity of 37.01%. The business had revenue of $49.92 million for the quarter.

A number of hedge funds have recently added to or reduced their stakes in RDI. Barclays PLC boosted its holdings in Reading International by 240.7% during the third quarter. Barclays PLC now owns 5,124 shares of the company’s stock worth $26,000 after buying an additional 3,620 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Reading International by 76.2% in the third quarter. Millennium Management LLC now owns 17,991 shares of the company’s stock valued at $91,000 after purchasing an additional 7,783 shares in the last quarter. Gabelli Funds LLC lifted its holdings in shares of Reading International by 30.7% in the third quarter. Gabelli Funds LLC now owns 41,600 shares of the company’s stock valued at $210,000 after purchasing an additional 9,770 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Reading International by 2.5% in the fourth quarter. BlackRock Inc. now owns 111,183 shares of the company’s stock valued at $449,000 after purchasing an additional 2,726 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Reading International by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 166,990 shares of the company’s stock valued at $674,000 after purchasing an additional 4,349 shares in the last quarter. 48.96% of the stock is currently owned by hedge funds and other institutional investors.

Reading International Company Profile (Get Rating)

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.

Further Reading

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