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

Equities research analysts at StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI) in a research report issued on Wednesday. The firm set a “sell” rating on the stock.

Reading International Trading Down 0.7 %

NASDAQ RDI opened at $1.34 on Wednesday. The company has a market capitalization of $30.05 million, a price-to-earnings ratio of -0.71 and a beta of 1.62. The company’s fifty day moving average price is $1.47 and its two-hundred day moving average price is $1.49. The company has a debt-to-equity ratio of 35.04, a current ratio of 0.17 and a quick ratio of 0.17. Reading International has a 12 month low of $1.22 and a 12 month high of $1.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Gamco Investors INC. ET AL increased its holdings in Reading International by 3.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 272,100 shares of the company’s stock valued at $359,000 after buying an additional 9,500 shares during the period. Wells Fargo & Company MN boosted its position in Reading International by 19.1% in the 4th quarter. Wells Fargo & Company MN now owns 227,755 shares of the company’s stock valued at $301,000 after buying an additional 36,561 shares during the last quarter. Geode Capital Management LLC lifted its position in Reading International by 10.1% during the 4th quarter. Geode Capital Management LLC now owns 210,461 shares of the company’s stock valued at $278,000 after purchasing an additional 19,224 shares during the period. MassMutual Private Wealth & Trust FSB bought a new position in shares of Reading International in the 4th quarter worth $354,000. Finally, Krilogy Financial LLC boosted 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 buying an additional 246,000 shares during the last quarter. Institutional investors own 44.70% of the company’s stock.

Reading International Company Profile

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.