Reading International (NASDAQ:RDI) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI) in a research report report published on Saturday morning. The brokerage issued a sell rating on the stock.

Reading International Price Performance

RDI opened at $1.44 on Friday. The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.17 and a current ratio of 0.17. Reading International has a 52-week low of $1.22 and a 52-week high of $1.95. The stock has a market capitalization of $32.29 million, a PE ratio of -0.77 and a beta of 1.62. The stock’s 50 day moving average price is $1.46 and its 200-day moving average price is $1.54.

Institutional Investors Weigh In On Reading International

Several hedge funds have recently made changes to their positions in RDI. Gamco Investors INC. ET AL boosted its holdings 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 acquiring an additional 9,500 shares in the last quarter. Geode Capital Management LLC boosted its holdings 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 acquiring an additional 19,224 shares in the last quarter. Wittenberg Investment Management Inc. boosted its holdings 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 acquiring an additional 21,483 shares in the last quarter. Wells Fargo & Company MN boosted its holdings 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 acquiring an additional 36,561 shares in the last quarter. Finally, Krilogy Financial LLC boosted its holdings 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 acquiring an additional 246,000 shares in the last quarter. 44.70% of the stock is currently owned by institutional investors.

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.