Dimensional Fund Advisors LP Has $602,000 Stake in Reading International, Inc. (NASDAQ:RDI)

Dimensional Fund Advisors LP trimmed its stake in Reading International, Inc. (NASDAQ:RDI) by 16.6% in the second quarter, HoldingsChannel.com reports. The firm owned 424,033 shares of the company’s stock after selling 84,529 shares during the period. Dimensional Fund Advisors LP’s holdings in Reading International were worth $602,000 at the end of the most recent quarter.

Separately, Wittenberg Investment Management Inc. grew its holdings in Reading International by 0.7% during the 1st quarter. Wittenberg Investment Management Inc. now owns 1,512,738 shares of the company’s stock worth $2,783,000 after acquiring an additional 11,140 shares during the period. 44.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Macquarie increased their price target on Reading International from $2.00 to $2.40 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. StockNews.com assumed coverage on Reading International in a research report on Wednesday, October 9th. They issued a “sell” rating for the company.

Reading International Price Performance

RDI stock opened at $1.65 on Monday. The company has a market capitalization of $37.00 million, a P/E ratio of -1.12 and a beta of 1.61. The company has a debt-to-equity ratio of 15.80, a quick ratio of 0.18 and a current ratio of 0.18. Reading International, Inc. has a 52-week low of $1.22 and a 52-week high of $2.27. The business has a 50-day simple moving average of $1.64 and a two-hundred day simple moving average of $1.60.

Reading International (NASDAQ:RDI) last posted 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 during the quarter.

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.