Reading International (NASDAQ:RDI) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of Reading International (NASDAQ:RDI) in a research note issued to investors on Tuesday. The brokerage set a “sell” rating on the stock.

Reading International Stock Up 3.6 %

NASDAQ RDI opened at $1.45 on Tuesday. The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market capitalization of $32.52 million, a P/E ratio of -0.77 and a beta of 1.62. Reading International has a one year low of $1.22 and a one year high of $1.92. The stock has a 50 day moving average price of $1.47 and a 200-day moving average price of $1.51.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RDI. Gamco Investors INC. ET AL lifted its position in Reading International by 3.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 272,100 shares of the company’s stock worth $359,000 after buying an additional 9,500 shares during the last quarter. Geode Capital Management LLC lifted its position in Reading International by 10.1% in the fourth quarter. Geode Capital Management LLC now owns 210,461 shares of the company’s stock worth $278,000 after buying an additional 19,224 shares during the last quarter. Wittenberg Investment Management Inc. lifted its position in Reading International by 1.4% in the third quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock worth $2,541,000 after buying an additional 21,483 shares during the last quarter. Wells Fargo & Company MN lifted its position in Reading International by 19.1% in the fourth quarter. Wells Fargo & Company MN now owns 227,755 shares of the company’s stock worth $301,000 after buying an additional 36,561 shares during the last quarter. Finally, Krilogy Financial LLC lifted its position in Reading International by 11.6% in the fourth quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock worth $3,115,000 after buying an additional 246,000 shares during the last quarter. 44.70% of the stock is currently owned by 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.