Gamco Investors INC. ET AL increased its stake in shares of Reading International Inc (NASDAQ:RDI) by 82.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 73,582 shares of the company’s stock after buying an additional 33,262 shares during the period. Gamco Investors INC. ET AL owned approximately 0.32% of Reading International worth $1,187,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Reading International during the first quarter valued at approximately $103,000. American International Group Inc. boosted its position in shares of Reading International by 7.2% in the first quarter. American International Group Inc. now owns 10,368 shares of the company’s stock valued at $161,000 after buying an additional 695 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Reading International by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 10,725 shares of the company’s stock valued at $167,000 after buying an additional 521 shares during the period. Gabelli Funds LLC bought a new position in shares of Reading International during the first quarter valued at approximately $218,000. Finally, Rhumbline Advisers boosted its position in shares of Reading International by 1.4% in the second quarter. Rhumbline Advisers now owns 19,715 shares of the company’s stock valued at $318,000 after buying an additional 270 shares during the period. 33.26% of the stock is owned by hedge funds and other institutional investors.

Shares of Reading International Inc (RDI) opened at 15.60 on Monday. Reading International Inc has a 1-year low of $12.54 and a 1-year high of $17.18. The firm has a 50-day moving average price of $15.77 and a 200 day moving average price of $15.73. The company has a market cap of $359.69 million, a price-to-earnings ratio of 13.94 and a beta of 1.33.

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Several research analysts recently commented on RDI shares. TheStreet raised Reading International from a “c+” rating to a “b” rating in a research report on Friday, June 2nd. B. Riley restated a “buy” rating and issued a $26.50 price objective on shares of Reading International in a research note on Saturday, May 20th. Finally, Zacks Investment Research upgraded Reading International from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th.

In other news, insider James J. Cotter, Jr. sold 9,888 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $15.62, for a total transaction of $154,450.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider James J. Cotter, Jr. sold 5,112 shares of the stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $15.51, for a total transaction of $79,287.12. The disclosure for this sale can be found here. Corporate insiders own 26.75% of the company’s stock.

Reading International Company Profile

Reading International, Inc (RDI) is engaged in the development, ownership and operation of multiplex cinemas in the United States, Australia, and New Zealand, and the development, ownership and operation of retail and commercial real estate in the United States, Australia and New Zealand. RDI operates through two segments: cinema exhibition and real estate.

Institutional Ownership by Quarter for Reading International (NASDAQ:RDI)

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