StockNews.com began coverage on shares of Reading International (NASDAQ:RDI – Free Report) in a research report report published on Tuesday. The brokerage issued a sell rating on the stock.
Separately, Macquarie increased their price target on Reading International from $2.00 to $2.40 and gave the company a neutral rating in a research note on Tuesday, July 9th.
View Our Latest Stock Report on Reading International
Reading International Stock Performance
Reading International (NASDAQ:RDI – Get Free Report) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.59) EPS for the quarter. The business had revenue of $45.05 million for the quarter. Reading International had a negative return on equity of 93.46% and a negative net margin of 14.77%.
Institutional Investors Weigh In On Reading International
A hedge fund recently raised its stake in Reading International stock. Krilogy Financial LLC raised its position in shares of Reading International, Inc. (NASDAQ:RDI – Free Report) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,854,408 shares of the company’s stock after purchasing 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. 44.70% of the stock is currently owned by institutional investors and hedge funds.
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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