StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI – Free Report) in a research report released on Thursday. The firm issued a sell rating on the stock.
Separately, Macquarie upped their price objective on 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 Report on Reading International
Reading International Trading Down 2.9 %
Reading International (NASDAQ:RDI – Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.42) earnings per share (EPS) for the quarter. The company had revenue of $46.81 million during the quarter. Reading International had a negative net margin of 19.32% and a negative return on equity of 153.86%.
Institutional Trading of Reading International
Several hedge funds have recently made changes to their positions in RDI. Krilogy Financial LLC increased its position in Reading International by 6.7% during the second quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock valued at $2,815,000 after acquiring an additional 124,326 shares during the last quarter. Logan Stone Capital LLC bought a new stake in shares of Reading International in the 2nd quarter worth about $38,000. Finally, Wittenberg Investment Management Inc. boosted its stake in shares of Reading International by 0.7% during the 1st quarter. Wittenberg Investment Management Inc. now owns 1,512,738 shares of the company’s stock worth $2,783,000 after purchasing an additional 11,140 shares during the period. 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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