Reading International, Inc. (NASDAQ:RDI) Shares Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL increased its position in Reading International, Inc. (NASDAQ:RDI) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 272,100 shares of the company’s stock after buying an additional 9,500 shares during the quarter. Gamco Investors INC. ET AL owned about 1.21% of Reading International worth $359,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of RDI. Krilogy Financial LLC grew 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. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Reading International during the 4th quarter worth $354,000. Wells Fargo & Company MN grew its holdings in shares of Reading International by 19.1% in the 4th quarter. Wells Fargo & Company MN now owns 227,755 shares of the company’s stock worth $301,000 after acquiring an additional 36,561 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Reading International by 10.1% during the fourth 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 period. Institutional investors and hedge funds own 44.70% of the company’s stock.

Reading International Stock Up 1.6 %

Shares of NASDAQ:RDI opened at $1.25 on Friday. The firm has a 50 day simple moving average of $1.35 and a 200 day simple moving average of $1.44. Reading International, Inc. has a 52 week low of $1.17 and a 52 week high of $1.89. 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 cap of $27.86 million, a PE ratio of -0.66 and a beta of 1.28.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Reading International in a research report on Saturday. They issued a “sell” rating for the company.

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.