Reading International (NASDAQ:RDI – Get Free Report) had its price target raised by equities researchers at Macquarie from $2.00 to $2.40 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Macquarie’s target price would suggest a potential upside of 73.91% from the company’s current price.
Separately, StockNews.com started coverage on shares of Reading International in a research report on Friday, July 5th. They set a “sell” rating on the stock.
Check Out Our Latest Research Report on RDI
Reading International Price Performance
Reading International (NASDAQ:RDI – Get Free Report) last released its quarterly earnings data on Wednesday, May 15th. The company reported ($0.59) earnings per share (EPS) for the quarter. Reading International had a negative net margin of 14.77% and a negative return on equity of 93.46%. The firm had revenue of $45.05 million during the quarter.
Hedge Funds Weigh In On Reading International
An institutional investor recently raised its position in Reading International stock. Krilogy Financial LLC increased its holdings in shares of Reading International, Inc. (NASDAQ:RDI – Free Report) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,854,408 shares of the company’s stock after acquiring an additional 86,013 shares during the period. Krilogy Financial LLC owned approximately 8.36% of Reading International worth $3,542,000 at the end of the most recent reporting period. Hedge funds and other 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.
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