StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI – Free Report) in a report issued on Friday. The firm issued a sell rating on the stock.
Separately, Macquarie raised their price objective on shares of Reading International from $2.00 to $2.40 and gave the company a neutral rating in a research report on Tuesday, July 9th.
Check Out Our Latest Research Report on Reading International
Reading International Trading Up 1.7 %
Reading International (NASDAQ:RDI – Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.42) earnings per share for the quarter. Reading International had a negative net margin of 19.32% and a negative return on equity of 153.86%. The company had revenue of $46.81 million during the quarter.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Logan Stone Capital LLC purchased a new position in shares of Reading International during the 2nd quarter valued at $38,000. Krilogy Financial LLC lifted its holdings in Reading International by 6.7% in the 2nd quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock worth $2,815,000 after purchasing an additional 124,326 shares in the last quarter. Finally, 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 valued at $2,783,000 after buying an additional 11,140 shares in the last quarter. 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.
See Also
- Five stocks we like better than Reading International
- What is a buyback in stocks? A comprehensive guide for investors
- Don’t Overlook Campbell Soup: Here’s What Could Drive Its Stock
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Birkenstock’s Sudden Slide—Why It Might Be Your Next Big Win
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- MarketBeat Week in Review – 8/26 – 8/30
Receive News & Ratings for Reading International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reading International and related companies with MarketBeat.com's FREE daily email newsletter.