Investment analysts at StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI – Get Rating) in a research report issued to clients and investors on Monday. The brokerage set a “sell” rating on the stock.
Reading International Stock Down 0.6 %
RDI stock opened at $3.50 on Monday. The stock has a market capitalization of $76.98 million, a P/E ratio of -3.43 and a beta of 1.53. The company has a 50 day moving average price of $3.45 and a two-hundred day moving average price of $3.75. Reading International has a one year low of $3.15 and a one year high of $4.91. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.52 and a current ratio of 0.52.
Hedge Funds Weigh In On Reading International
Several hedge funds and other institutional investors have recently made changes to their positions in RDI. Gabelli Funds LLC lifted its holdings in Reading International by 17.9% in the 1st quarter. Gabelli Funds LLC now owns 49,500 shares of the company’s stock worth $212,000 after buying an additional 7,500 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of Reading International by 4.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 231,200 shares of the company’s stock worth $990,000 after purchasing an additional 9,000 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Reading International by 236.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 17,005 shares of the company’s stock worth $56,000 after purchasing an additional 11,951 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in shares of Reading International in the 1st quarter worth about $54,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of Reading International in the 1st quarter worth about $71,000. Institutional investors and hedge funds own 53.93% 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.
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