Reading International (NASDAQ:RDI) Research Coverage Started at Wall Street Zen

Wall Street Zen began coverage on shares of Reading International (NASDAQ:RDI) in a report issued on Wednesday morning. The firm issued a sell rating on the stock.

Reading International Trading Up 5.9%

Reading International stock opened at $1.43 on Wednesday. The business has a 50-day simple moving average of $1.31 and a two-hundred day simple moving average of $1.40. The company has a market cap of $31.87 million, a P/E ratio of -0.76 and a beta of 1.32. Reading International has a 52-week low of $1.17 and a 52-week high of $1.89. 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 (NASDAQ:RDI) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.29. Reading International had a negative return on equity of 258.21% and a negative net margin of 21.22%. The business had revenue of $40.17 million during the quarter, compared to the consensus estimate of $62.69 million.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RDI. MassMutual Private Wealth & Trust FSB purchased a new position in shares of Reading International during the 4th quarter valued at about $354,000. Geode Capital Management LLC lifted its holdings in Reading International by 10.1% in 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 in the last quarter. Wells Fargo & Company MN boosted its stake in 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 purchasing an additional 36,561 shares during the period. Gamco Investors INC. ET AL boosted its stake in Reading International by 3.6% in 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 during the period. Finally, Krilogy Financial LLC grew its holdings in Reading International by 6.1% during the 1st quarter. Krilogy Financial LLC now owns 2,502,610 shares of the company’s stock valued at $3,479,000 after buying an additional 143,000 shares in the last quarter. 44.70% of the stock is owned by hedge funds and other institutional investors.

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.