State Street Corp raised its position in Reading International Inc (NASDAQ:RDI) by 8.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 279,324 shares of the company’s stock after acquiring an additional 22,320 shares during the period. State Street Corp owned about 1.21% of Reading International worth $4,504,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Reading International by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 882,670 shares of the company’s stock worth $14,237,000 after purchasing an additional 24,997 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Reading International by 5.8% during the 1st quarter. Geode Capital Management LLC now owns 128,122 shares of the company’s stock worth $1,991,000 after purchasing an additional 6,990 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of Reading International by 82.5% during the 2nd quarter. Gamco Investors INC. ET AL now owns 73,582 shares of the company’s stock worth $1,187,000 after purchasing an additional 33,262 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Reading International by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 536,985 shares of the company’s stock worth $8,345,000 after purchasing an additional 20,038 shares during the last quarter. Finally, Wittenberg Investment Management Inc. increased its position in shares of Reading International by 2.8% during the 2nd quarter. Wittenberg Investment Management Inc. now owns 501,416 shares of the company’s stock worth $8,088,000 after purchasing an additional 13,779 shares during the last quarter. 35.17% of the stock is currently owned by hedge funds and other institutional investors.
Reading International Inc (RDI) opened at $15.77 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market capitalization of $363.99, a P/E ratio of 27.93 and a beta of 1.30. Reading International Inc has a 1-year low of $14.37 and a 1-year high of $17.18.
Reading International (NASDAQ:RDI) last posted its earnings results on Monday, November 6th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The business had revenue of $66.09 million for the quarter, compared to analyst estimates of $65.70 million. Reading International had a return on equity of 8.16% and a net margin of 8.70%. analysts anticipate that Reading International Inc will post 1.15 earnings per share for the current fiscal year.
Several research firms have weighed in on RDI. Gabelli initiated coverage on Reading International in a research report on Friday, December 1st. They set a “buy” rating on the stock. Zacks Investment Research lowered Reading International from a “hold” rating to a “sell” rating in a report on Friday, November 17th. BidaskClub lowered Reading International from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Finally, B. Riley reissued a “buy” rating and set a $26.50 target price on shares of Reading International in a report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $26.50.
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Reading International Profile
Reading International, Inc (RDI) is engaged in the development, ownership and operation of multiplex cinemas in the United States, Australia, and New Zealand, and the development, ownership and operation of retail and commercial real estate in the United States, Australia and New Zealand. RDI operates through two segments: cinema exhibition and real estate.
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