StockNews.com started coverage on shares of Reading International (NASDAQ:RDI – Free Report) in a research note published on Sunday. The brokerage issued a sell rating on the stock.
Separately, Macquarie raised their price target on shares of Reading International from $2.00 to $2.40 and gave the company a neutral rating in a report on Tuesday, July 9th.
Read Our Latest Stock Report on RDI
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) EPS for the quarter. Reading International had a negative net margin of 19.32% and a negative return on equity of 153.86%. The firm had revenue of $46.81 million for the quarter.
Institutional Trading of Reading International
A number of institutional investors have recently made changes to their positions in the stock. Krilogy Financial LLC boosted its holdings in shares of Reading International by 6.7% in 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 during the last quarter. Wittenberg Investment Management Inc. boosted its holdings in shares of Reading International by 0.7% in the first quarter. Wittenberg Investment Management Inc. now owns 1,512,738 shares of the company’s stock worth $2,783,000 after buying an additional 11,140 shares during the last quarter. Finally, Logan Stone Capital LLC purchased a new position in shares of Reading International in the second quarter worth approximately $38,000. 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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