Investment analysts at StockNews.com started coverage on shares of Reading International (NASDAQ:RDI – Get Free Report) in a research report issued to clients and investors on Monday. The brokerage set a “sell” rating on the stock.
Separately, Macquarie increased their target price on shares of Reading International from $2.00 to $2.40 and gave the company a “neutral” rating in a research report on Tuesday, July 9th.
View Our Latest Research Report on Reading International
Reading International Price Performance
Reading International (NASDAQ:RDI – Get Free Report) last released its earnings results on Wednesday, May 15th. The company reported ($0.59) earnings per share for the quarter. Reading International had a negative net margin of 14.77% and a negative return on equity of 93.46%. The firm had revenue of $45.05 million during the quarter.
Institutional Trading of Reading International
An institutional investor recently raised its position in Reading International stock. Krilogy Financial LLC boosted its stake in shares of Reading International, Inc. (NASDAQ:RDI – Free Report) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,854,408 shares of the company’s stock after buying an additional 86,013 shares during the quarter. Krilogy Financial LLC owned 8.36% of Reading International worth $3,542,000 as of its most recent SEC filing. 44.70% of the stock is currently owned by institutional investors and hedge funds.
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.
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