Stock analysts at StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI – Get Free Report) in a research note issued on Sunday. The brokerage set a “sell” rating on the stock.
Separately, Macquarie increased their price objective on shares of Reading International from $2.00 to $2.40 and gave the stock a “neutral” rating in a report on Tuesday, July 9th.
Get Our Latest Stock Analysis on Reading International
Reading International Stock Performance
Reading International (NASDAQ:RDI – Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.42) earnings per share for the quarter. The company had revenue of $46.81 million for the quarter. Reading International had a negative return on equity of 153.86% and a negative net margin of 19.32%.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of RDI. Wittenberg Investment Management Inc. grew its position in Reading International by 0.7% in the first quarter. Wittenberg Investment Management Inc. now owns 1,512,738 shares of the company’s stock valued at $2,783,000 after acquiring an additional 11,140 shares in the last quarter. Logan Stone Capital LLC acquired a new stake in shares of Reading International during the second quarter worth approximately $38,000. Finally, Krilogy Financial LLC grew its position in shares of Reading International by 6.7% during the second quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock worth $2,815,000 after buying an additional 124,326 shares in the last quarter. Hedge funds and other institutional investors own 44.70% of the company’s stock.
About Reading International
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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