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

StockNews.com initiated coverage on shares of Reading International (NASDAQ:RDIGet Free Report) in a report issued on Sunday. The brokerage set a “sell” rating on the stock.

Reading International Trading Down 0.5 %

NASDAQ:RDI opened at $1.83 on Friday. The stock’s 50 day moving average price is $1.88 and its 200 day moving average price is $1.93. Reading International has a 52 week low of $1.70 and a 52 week high of $3.35. The company has a market capitalization of $40.59 million, a P/E ratio of -1.29 and a beta of 1.59. The company has a debt-to-equity ratio of 3.94, a quick ratio of 0.28 and a current ratio of 0.28.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nantahala Capital Management LLC increased its stake in shares of Reading International by 18.3% in the fourth quarter. Nantahala Capital Management LLC now owns 3,402,203 shares of the company’s stock valued at $6,498,000 after buying an additional 526,163 shares in the last quarter. Krilogy Financial LLC boosted its holdings in Reading International by 4.9% during the fourth quarter. Krilogy Financial LLC now owns 1,854,408 shares of the company’s stock worth $3,542,000 after buying an additional 86,013 shares during the last quarter. Wittenberg Investment Management Inc. lifted its holdings in shares of Reading International by 3.2% during the 4th quarter. Wittenberg Investment Management Inc. now owns 1,501,598 shares of the company’s stock valued at $2,868,000 after purchasing an additional 46,586 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Reading International by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 669,510 shares of the company’s stock valued at $1,279,000 after purchasing an additional 8,492 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Reading International by 6.6% during the 4th quarter. Gamco Investors INC. ET AL now owns 282,600 shares of the company’s stock valued at $540,000 after purchasing an additional 17,500 shares in the last quarter. 44.70% of the stock is owned by institutional investors.

About Reading International

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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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