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

StockNews.com began coverage on shares of Reading International (NASDAQ:RDI) in a report released on Tuesday. The brokerage issued a sell rating on the stock.

Reading International Trading Up 8.5 %

Reading International stock opened at $1.40 on Tuesday. The company has a debt-to-equity ratio of 35.04, a current ratio of 0.17 and a quick ratio of 0.17. Reading International has a one year low of $1.22 and a one year high of $1.94. The stock has a market capitalization of $31.40 million, a PE ratio of -0.74 and a beta of 1.62. The business’s fifty day moving average is $1.47 and its 200 day moving average is $1.51.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Gamco Investors INC. ET AL boosted 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 purchasing an additional 9,500 shares during the last quarter. Geode Capital Management LLC boosted 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 purchasing an additional 19,224 shares during the last quarter. Wittenberg Investment Management Inc. boosted 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 purchasing an additional 21,483 shares during the last quarter. Wells Fargo & Company MN boosted 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 purchasing an additional 36,561 shares during the last quarter. Finally, Krilogy Financial LLC boosted 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 purchasing an additional 246,000 shares during the last quarter. 44.70% of the stock is owned by hedge funds and other 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.