Reading International, Inc. (NASDAQ:RDI) Shares Sold by Yacktman Asset Management LP

Yacktman Asset Management LP lessened its stake in shares of Reading International, Inc. (NASDAQ:RDI) by 18.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 385,000 shares of the company’s stock after selling 90,000 shares during the quarter. Yacktman Asset Management LP’s holdings in Reading International were worth $508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of RDI. Wittenberg Investment Management Inc. raised its stake in shares of Reading International by 1.4% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock worth $2,541,000 after buying an additional 21,483 shares in the last quarter. Krilogy Financial LLC grew its holdings in Reading International by 11.6% during the fourth quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock worth $3,115,000 after acquiring an additional 246,000 shares during the period. Finally, MassMutual Private Wealth & Trust FSB acquired a new position in Reading International during the fourth quarter worth $354,000. 44.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Reading International in a research report on Thursday, February 6th. They set a “sell” rating on the stock.

Reading International Price Performance

Shares of RDI opened at $1.55 on Tuesday. Reading International, Inc. has a twelve month low of $1.22 and a twelve month high of $2.05. The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.17 and a current ratio of 0.17. The firm’s 50-day moving average is $1.47 and its two-hundred day moving average is $1.53.

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.