California Public Employees Retirement System maintained its stake in Reading International Inc (NASDAQ:RDI) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,905 shares of the company’s stock at the end of the second quarter. California Public Employees Retirement System owned about 0.24% of Reading International worth $902,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of RDI. SG Americas Securities LLC purchased a new position in shares of Reading International during the first quarter valued at $103,000. American International Group Inc. grew its holdings in shares of Reading International by 7.2% during 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 in the last quarter. Alliancebernstein L.P. purchased a new position in shares of Reading International during the second quarter valued at $165,000. Goldman Sachs Group Inc. grew its holdings in shares of Reading International by 5.1% during 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 in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Reading International by 2.6% during the second quarter. Wells Fargo & Company MN now owns 12,258 shares of the company’s stock valued at $198,000 after buying an additional 312 shares in the last quarter. Institutional investors and hedge funds own 33.92% of the company’s stock.

A number of analysts recently issued reports on the company. B. Riley reissued a “buy” rating and set a $26.50 price objective on shares of Reading International in a research report on Wednesday, August 16th. BidaskClub cut Reading International from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Finally, Zacks Investment Research raised Reading International from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th.

Shares of Reading International Inc (NASDAQ RDI) opened at $14.73 on Tuesday. The stock has a market capitalization of $337.47, a price-to-earnings ratio of 25.90 and a beta of 1.32. Reading International Inc has a 12-month low of $13.95 and a 12-month high of $17.18. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.80.

Reading International (NASDAQ:RDI) last released its quarterly earnings data on Monday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The firm had revenue of $66.09 million for the quarter, compared to analyst estimates of $65.70 million. Reading International had a net margin of 8.70% and a return on equity of 8.16%. equities analysts forecast that Reading International Inc will post 1.2 EPS for the current year.

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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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