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 increased their price target 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 Analysis on RDI
Reading International Price Performance
Reading International (NASDAQ:RDI – Get Free Report) last released 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 business had revenue of $46.81 million during the quarter.
Institutional Trading of Reading International
A number of institutional investors have recently made changes to their positions in the business. Logan Stone Capital LLC acquired a new position in Reading International during the 2nd quarter valued at about $38,000. Wittenberg Investment Management Inc. increased its holdings in shares of Reading International by 0.7% during the first quarter. Wittenberg Investment Management Inc. now owns 1,512,738 shares of the company’s stock valued at $2,783,000 after acquiring an additional 11,140 shares in the last quarter. Finally, Krilogy Financial LLC raised its position in shares of Reading International by 6.7% in the 2nd quarter. Krilogy Financial LLC now owns 1,982,288 shares of the company’s stock valued at $2,815,000 after purchasing an additional 124,326 shares during the last quarter. Institutional investors and hedge funds own 44.70% of the company’s stock.
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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