StockNews.com started coverage on shares of Reading International (NASDAQ:RDI – Free Report) in a research note published on Tuesday. The brokerage issued a sell rating on the stock.
Separately, Macquarie upped 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.
Read Our Latest Research Report on Reading International
Reading International Stock Performance
Reading International (NASDAQ:RDI – Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.42) EPS for the quarter. Reading International had a negative return on equity of 153.86% and a negative net margin of 19.32%. The business had revenue of $46.81 million during the quarter.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wittenberg Investment Management Inc. grew its holdings in shares of Reading International by 3.2% during the 4th quarter. Wittenberg Investment Management Inc. now owns 1,501,598 shares of the company’s stock worth $2,868,000 after purchasing an additional 46,586 shares in the last quarter. Krilogy Financial LLC boosted its stake in Reading International by 6.7% during 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 in the last quarter. Finally, Logan Stone Capital LLC acquired a new stake in Reading International during the second quarter worth $38,000. 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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