Reading International Inc. (RDI) Insider James J. Cotter, Jr. Sells 25,000 Shares
Reading International Inc. (NASDAQ:RDI) insider James J. Cotter, Jr. sold 25,000 shares of the firm’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $14.96, for a total value of $374,000.00. Following the sale, the insider now directly owns 535,186 shares in the company, valued at approximately $8,006,382.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Reading International Inc. (NASDAQ:RDI) remained flat at $15.30 on Thursday. The company had a trading volume of 56,399 shares. The stock has a market cap of $357.01 million, a P/E ratio of 29.42 and a beta of 0.84. Reading International Inc. has a 52-week low of $9.71 and a 52-week high of $15.30. The firm has a 50 day moving average of $13.67 and a 200 day moving average of $13.21.
Reading International (NASDAQ:RDI) last announced its quarterly earnings results on Tuesday, November 8th. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.15. The company earned $71.30 million during the quarter, compared to analyst estimates of $46.12 million. Reading International had a return on equity of 8.41% and a net margin of 4.58%.
A number of large investors have recently made changes to their positions in RDI. B. Riley Financial Inc. purchased a new stake in shares of Reading International during the third quarter valued at approximately $233,000. The Manufacturers Life Insurance Company bought a new stake in shares of Reading International during the third quarter valued at $171,000. Finally, Northern Trust Corp increased its stake in shares of Reading International by 1.3% in the third quarter. Northern Trust Corp now owns 191,860 shares of the company’s stock valued at $2,561,000 after buying an additional 2,421 shares during the last quarter. Institutional investors own 21.46% of the company’s stock.
Several brokerages have recently weighed in on RDI. B. Riley reissued a “buy” rating and set a $26.00 target price on shares of Reading International in a research report on Tuesday, September 13th. Zacks Investment Research raised Reading International from a “hold” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a research report on Wednesday, November 16th.
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Reading International Company Profile
Reading International, Inc (RDI) is focused on the development, ownership and operation of multiplex cinemas, and retail and commercial real estate in the United States, Australia and New Zealand. The Company operates through two segments: cinema exhibition and real estate. The cinema exhibition segment operates multiplex cinemas.
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