MassMutual Private Wealth & Trust FSB Invests $354,000 in Reading International, Inc. (NASDAQ:RDI)

MassMutual Private Wealth & Trust FSB bought a new stake in shares of Reading International, Inc. (NASDAQ:RDI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 268,446 shares of the company’s stock, valued at approximately $354,000. MassMutual Private Wealth & Trust FSB owned 1.20% of Reading International at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Logan Stone Capital LLC bought a new stake in Reading International during the 2nd quarter valued at $38,000. Krilogy Financial LLC raised its holdings in shares of Reading International by 11.6% in the fourth 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. Finally, Wittenberg Investment Management Inc. lifted its stake 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 during the period. Hedge funds and other institutional investors own 44.70% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Reading International in a research report on Tuesday. They set a “sell” rating on the stock.

Reading International Stock Up 2.1 %

Reading International stock opened at $1.43 on Thursday. Reading International, Inc. has a twelve month low of $1.22 and a twelve month high of $2.07. The business has a fifty day moving average of $1.42 and a two-hundred day moving average of $1.51. The firm has a market cap of $32.07 million, a P/E ratio of -0.76 and a beta of 1.61. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 35.04.

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.