Reading International, Inc. (NASDAQ:RDI) insider Margaret Cotter sold 2,000 shares of Reading International stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $14.41, for a total value of $28,820.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Margaret Cotter also recently made the following trade(s):

  • On Thursday, March 21st, Margaret Cotter sold 13,995 shares of Reading International stock. The stock was sold at an average price of $16.03, for a total value of $224,339.85.

RDI traded down $0.02 on Thursday, reaching $13.82. 129 shares of the stock were exchanged, compared to its average volume of 26,425. The stock has a market cap of $318.02 million, a P/E ratio of 22.32 and a beta of 1.22. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.24 and a current ratio of 0.24. Reading International, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $16.72.

Reading International (NASDAQ:RDI) last issued its quarterly earnings data on Friday, May 10th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.17). The company had revenue of $61.55 million during the quarter, compared to analyst estimates of $65.60 million. Reading International had a net margin of 3.11% and a return on equity of 5.09%. Analysts predict that Reading International, Inc. will post 0.44 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of RDI. Geode Capital Management LLC increased its stake in shares of Reading International by 3.3% during the 1st quarter. Geode Capital Management LLC now owns 201,354 shares of the company’s stock worth $3,213,000 after purchasing an additional 6,435 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Reading International by 6.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 38,296 shares of the company’s stock worth $612,000 after purchasing an additional 2,424 shares in the last quarter. Northern Trust Corp increased its stake in shares of Reading International by 0.7% during the 1st quarter. Northern Trust Corp now owns 209,549 shares of the company’s stock worth $3,345,000 after purchasing an additional 1,363 shares in the last quarter. Kennedy Capital Management Inc. increased its stake in shares of Reading International by 32.4% during the 1st quarter. Kennedy Capital Management Inc. now owns 300,344 shares of the company’s stock worth $4,793,000 after purchasing an additional 73,580 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Reading International by 45.7% during the 1st quarter. Acadian Asset Management LLC now owns 97,244 shares of the company’s stock worth $1,553,000 after purchasing an additional 30,507 shares in the last quarter. 39.91% of the stock is owned by institutional investors and hedge funds.

RDI has been the subject of a number of research reports. Macquarie initiated coverage on Reading International in a research report on Friday, February 8th. They set an “outperform” rating and a $20.00 price target for the company. Zacks Investment Research raised Reading International from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Wednesday, January 30th. Finally, BidaskClub cut Reading International from a “hold” rating to a “sell” rating in a research report on Saturday, February 23rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Reading International currently has a consensus rating of “Hold” and an average price target of $19.00.

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Reading International Company Profile

Reading International, Inc engages in 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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