StockNews.com Begins Coverage on Reading International (NASDAQ:RDI)

StockNews.com started coverage on shares of Reading International (NASDAQ:RDI) in a research report released on Friday. The firm issued a sell rating on the stock.

Reading International Price Performance

Shares of NASDAQ:RDI opened at $1.54 on Friday. The company has a 50-day moving average price of $1.47 and a two-hundred day moving average price of $1.53. 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 has a twelve month low of $1.22 and a twelve month high of $2.05. The firm has a market capitalization of $34.54 million, a PE ratio of -0.82 and a beta of 1.62.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in RDI. 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 in the last quarter. Wells Fargo & Company MN raised its stake in Reading International by 19.1% during 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 period. Geode Capital Management LLC grew its holdings in Reading International by 10.1% during the 4th quarter. Geode Capital Management LLC now owns 210,461 shares of the company’s stock valued at $278,000 after buying an additional 19,224 shares in the last quarter. MassMutual Private Wealth & Trust FSB purchased a new position in shares of Reading International in the fourth quarter valued at $354,000. Finally, Krilogy Financial LLC grew 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 purchasing an additional 246,000 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.