Reading International (NASDAQ:RDI) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Reading International (NASDAQ:RDIGet Rating) in a research note issued to investors on Friday. The firm set a “sell” rating on the stock.

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

NASDAQ RDI opened at $3.52 on Friday. The stock has a market capitalization of $77.42 million, a PE ratio of 2.46 and a beta of 1.49. Reading International has a 1-year low of $3.36 and a 1-year high of $7.15. The business has a 50 day simple moving average of $4.16 and a two-hundred day simple moving average of $4.34. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.82 and a quick ratio of 1.82.

Reading International (NASDAQ:RDIGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($0.26). Reading International had a net margin of 22.95% and a negative return on equity of 37.01%.

Hedge funds have recently modified their holdings of the stock. Barclays PLC raised its position in 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 increased its holdings in shares of Reading International by 76.2% in the 3rd quarter. Millennium Management LLC now owns 17,991 shares of the company’s stock valued at $91,000 after acquiring an additional 7,783 shares during the period. Gabelli Funds LLC increased its holdings in shares of Reading International by 30.7% in the 3rd quarter. Gabelli Funds LLC now owns 41,600 shares of the company’s stock valued at $210,000 after acquiring an additional 9,770 shares during the period. BlackRock Inc. increased its holdings in shares of Reading International by 2.5% in the 4th quarter. BlackRock Inc. now owns 111,183 shares of the company’s stock valued at $449,000 after acquiring an additional 2,726 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Reading International by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 166,990 shares of the company’s stock valued at $674,000 after acquiring an additional 4,349 shares during the period. 48.96% of the stock is 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.

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