Teton Advisors Inc. Has $225,000 Stake in Reading International, Inc. (NASDAQ:RDI)

Teton Advisors Inc. lowered its holdings in Reading International, Inc. (NASDAQ:RDI) by 5.9% in the fourth quarter, Holdings Channel reports. The firm owned 170,500 shares of the company’s stock after selling 10,700 shares during the quarter. Teton Advisors Inc.’s holdings in Reading International were worth $225,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Krilogy Financial LLC grew its holdings in shares of Reading International by 11.6% in the 4th quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock valued at $3,115,000 after acquiring an additional 246,000 shares in the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in Reading International during the fourth quarter valued at approximately $354,000. Wells Fargo & Company MN grew its stake in Reading International by 19.1% in the fourth quarter. Wells Fargo & Company MN now owns 227,755 shares of the company’s stock valued at $301,000 after purchasing an additional 36,561 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Reading International by 10.1% during the 4th quarter. Geode Capital Management LLC now owns 210,461 shares of the company’s stock worth $278,000 after purchasing an additional 19,224 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in shares of Reading International by 3.6% during the 4th quarter. Gamco Investors INC. ET AL now owns 272,100 shares of the company’s stock worth $359,000 after purchasing an additional 9,500 shares in the last quarter. 44.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Reading International in a research note on Friday. They issued a “sell” rating for the company.

Reading International Price Performance

Shares of NASDAQ RDI opened at $1.19 on Tuesday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 35.04. The business’s 50 day moving average price is $1.38 and its two-hundred day moving average price is $1.45. The company has a market cap of $26.69 million, a PE ratio of -0.63 and a beta of 1.28. Reading International, Inc. has a twelve month low of $1.17 and a twelve month high of $1.89.

Reading International (NASDAQ:RDI) last announced its quarterly earnings results on Monday, March 31st. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.31. The business had revenue of $58.58 million for the quarter, compared to analyst estimates of $53.00 million. Reading International had a negative net margin of 21.22% and a negative return on equity of 258.21%.

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.