Reading International, Inc. (NASDAQ:RDI) Insider James J. Cotter Living Trust Sells 2,750 Shares

Reading International, Inc. (NASDAQ:RDIGet Rating) insider James J. Cotter Living Trust sold 2,750 shares of the firm’s stock in a transaction that occurred on Friday, May 6th. The shares were sold at an average price of $3.92, for a total transaction of $10,780.00. Following the transaction, the insider now owns 1,229,649 shares in the company, valued at approximately $4,820,224.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

James J. Cotter Living Trust also recently made the following trade(s):

  • On Wednesday, May 4th, James J. Cotter Living Trust sold 2,750 shares of Reading International stock. The shares were sold at an average price of $3.99, for a total transaction of $10,972.50.
  • On Monday, May 2nd, James J. Cotter Living Trust sold 2,750 shares of Reading International stock. The shares were sold at an average price of $3.94, for a total transaction of $10,835.00.
  • On Friday, April 29th, James J. Cotter Living Trust sold 2,750 shares of Reading International stock. The stock was sold at an average price of $3.92, for a total transaction of $10,780.00.
  • On Friday, April 22nd, James J. Cotter Living Trust sold 2,750 shares of Reading International stock. The stock was sold at an average price of $4.10, for a total transaction of $11,275.00.
  • On Wednesday, April 20th, James J. Cotter Living Trust sold 2,750 shares of Reading International stock. The stock was sold at an average price of $4.18, for a total transaction of $11,495.00.
  • On Monday, April 18th, James J. Cotter Living Trust sold 2,750 shares of Reading International stock. The stock was sold at an average price of $4.15, for a total transaction of $11,412.50.
  • On Wednesday, April 13th, James J. Cotter Living Trust sold 2,750 shares of Reading International stock. The stock was sold at an average price of $4.11, for a total transaction of $11,302.50.
  • On Monday, April 11th, James J. Cotter Living Trust sold 2,750 shares of Reading International stock. The stock was sold at an average price of $4.08, for a total transaction of $11,220.00.
  • On Friday, April 8th, James J. Cotter Living Trust sold 2,750 shares of Reading International stock. The stock was sold at an average price of $4.15, for a total transaction of $11,412.50.
  • On Wednesday, March 30th, James J. Cotter Living Trust sold 2,750 shares of Reading International stock. The stock was sold at an average price of $4.35, for a total transaction of $11,962.50.

Shares of NASDAQ:RDI opened at $3.95 on Friday. The firm has a fifty day moving average of $4.20 and a two-hundred day moving average of $4.37. The firm has a market capitalization of $86.90 million, a P/E ratio of 2.76 and a beta of 1.49. Reading International, Inc. has a 12-month low of $3.80 and a 12-month 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.

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

RDI has been the subject of a number of recent analyst reports. StockNews.com began coverage on shares of Reading International in a research note on Thursday. They issued a “sell” rating for the company. TheStreet raised shares of Reading International from a “d” rating to a “c-” rating in a research note on Monday, April 11th.

Several institutional investors have recently added to or reduced their stakes in RDI. Barclays PLC raised its holdings in shares of Reading International by 240.7% during the 3rd quarter. Barclays PLC now owns 5,124 shares of the company’s stock valued at $26,000 after purchasing an additional 3,620 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Reading International by 76.2% during the 3rd 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 raised its holdings in shares of Reading International by 30.7% during the 3rd 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. raised its holdings in shares of Reading International by 2.5% during the 4th 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 raised its holdings in shares of Reading International by 2.7% during the 4th 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. Institutional investors and hedge funds own 48.96% of the company’s stock.

About Reading International (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.

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