BidaskClub upgraded shares of Reading International (NASDAQ:RDI) from a strong sell rating to a sell rating in a research note released on Wednesday.
Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of Reading International from a sell rating to a hold rating in a research report on Tuesday, January 16th. Gabelli began coverage on shares of Reading International in a research report on Friday, December 1st. They issued a buy rating for the company. Two analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. Reading International currently has an average rating of Hold and a consensus price target of $26.50.
Reading International (RDI) opened at $16.23 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.55 and a current ratio of 1.55. Reading International has a 1 year low of $14.37 and a 1 year high of $17.43. The firm has a market cap of $367.20, a price-to-earnings ratio of 28.17 and a beta of 1.30.
In related news, insider James J. Cotter, Jr. sold 50,000 shares of the stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $15.98, for a total value of $799,000.00. Following the completion of the transaction, the insider now directly owns 373,604 shares of the company’s stock, valued at approximately $5,970,191.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 25.57% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. JBF Capital Inc. acquired a new position in Reading International in the 4th quarter worth approximately $642,000. Eidelman Virant Capital increased its holdings in Reading International by 5.6% in the 4th quarter. Eidelman Virant Capital now owns 398,750 shares of the company’s stock worth $6,659,000 after buying an additional 21,100 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of Reading International by 40.4% during the 4th quarter. Gamco Investors INC. ET AL now owns 157,813 shares of the company’s stock worth $2,635,000 after purchasing an additional 45,431 shares during the period. Teton Advisors Inc. grew its stake in shares of Reading International by 3.2% during the 4th quarter. Teton Advisors Inc. now owns 399,372 shares of the company’s stock worth $6,670,000 after purchasing an additional 12,200 shares during the period. Finally, Gabelli Funds LLC grew its stake in shares of Reading International by 61.7% during the 4th quarter. Gabelli Funds LLC now owns 136,461 shares of the company’s stock worth $2,279,000 after purchasing an additional 52,088 shares during the period. Institutional investors own 35.11% of the company’s stock.
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Reading International Company 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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