Reading International (NASDAQ:RDI) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Reading International (NASDAQ:RDI) in a research report sent to investors on Tuesday. The brokerage issued a sell rating on the stock.

Reading International Stock Down 5.1 %

RDI stock opened at $1.66 on Tuesday. The firm has a market cap of $37.12 million, a PE ratio of -1.20 and a beta of 1.59. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.29 and a current ratio of 0.29. The firm’s fifty day moving average is $1.84 and its 200 day moving average is $1.89. Reading International has a one year low of $1.53 and a one year high of $3.35.

Institutional Trading of Reading International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RDI. Vanguard Group Inc. grew its position in Reading International by 89.7% during the first quarter. Vanguard Group Inc. now owns 608,778 shares of the company’s stock valued at $2,606,000 after buying an additional 287,907 shares during the period. Gamco Investors INC. ET AL grew its position in Reading International by 4.1% during the first quarter. Gamco Investors INC. ET AL now owns 231,200 shares of the company’s stock valued at $990,000 after buying an additional 9,000 shares during the period. Gabelli Funds LLC grew its position in Reading International by 17.9% during the first quarter. Gabelli Funds LLC now owns 49,500 shares of the company’s stock valued at $212,000 after buying an additional 7,500 shares during the period. Charles Schwab Investment Management Inc. acquired a new stake in Reading International during the first quarter valued at $71,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in Reading International during the first quarter valued at $54,000. Institutional investors and hedge funds own 44.70% of the company’s stock.

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.