Analysts at StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI – Get Free Report) in a note issued to investors on Tuesday. The firm set a “sell” rating on the stock.
Separately, Macquarie boosted their price objective on shares of Reading International from $2.00 to $2.40 and gave the stock a “neutral” rating in a report on Tuesday, July 9th.
Check Out Our Latest Stock Analysis on Reading International
Reading International Price Performance
Reading International (NASDAQ:RDI – Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.42) earnings per share for the quarter. Reading International had a negative return on equity of 153.86% and a negative net margin of 19.32%. The firm had revenue of $46.81 million during the quarter.
Institutional Investors Weigh In On Reading International
A number of hedge funds have recently added to or reduced their stakes in RDI. Logan Stone Capital LLC purchased a new stake in Reading International during the 2nd quarter valued at $38,000. Wittenberg Investment Management Inc. raised its stake 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 during the last quarter. Finally, Krilogy Financial LLC raised its stake in Reading International by 6.7% during the 2nd quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock valued at $2,815,000 after buying an additional 124,326 shares during the last quarter. 44.70% of the stock is currently owned by hedge funds and other institutional investors.
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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