Wells Fargo & Company MN lifted its position in shares of Reading International Inc (NASDAQ:RDI) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,258 shares of the company’s stock after acquiring an additional 312 shares during the period. Wells Fargo & Company MN owned approximately 0.05% of Reading International worth $198,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. American International Group Inc. lifted its holdings in shares of Reading International by 7.2% during the 1st quarter. American International Group Inc. now owns 10,368 shares of the company’s stock worth $161,000 after acquiring an additional 695 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Reading International by 5.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,725 shares of the company’s stock worth $167,000 after acquiring an additional 521 shares during the period. Rhumbline Advisers lifted its holdings in shares of Reading International by 1.4% during the 2nd quarter. Rhumbline Advisers now owns 19,715 shares of the company’s stock worth $318,000 after acquiring an additional 270 shares during the period. Wedge Capital Management L L P NC bought a new stake in shares of Reading International during the 2nd quarter worth approximately $671,000. Finally, Wilen Investment Management CORP. lifted its holdings in shares of Reading International by 2.4% during the 2nd quarter. Wilen Investment Management CORP. now owns 63,342 shares of the company’s stock worth $998,000 after acquiring an additional 1,500 shares during the period. 34.89% of the stock is owned by institutional investors.

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Shares of Reading International Inc (NASDAQ RDI) opened at $15.31 on Thursday. Reading International Inc has a 12-month low of $14.37 and a 12-month high of $17.18. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $352.11, a price-to-earnings ratio of 27.02 and a beta of 1.32.

Reading International (NASDAQ:RDI) last posted its quarterly earnings data on Monday, November 6th. The company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.04). Reading International had a return on equity of 8.16% and a net margin of 8.70%. The firm had revenue of $66.09 million for the quarter, compared to analyst estimates of $65.70 million. research analysts anticipate that Reading International Inc will post 1.15 EPS for the current year.

Several equities analysts recently commented on RDI shares. Zacks Investment Research downgraded shares of Reading International from a “hold” rating to a “sell” rating in a research note on Friday, November 17th. BidaskClub downgraded shares of Reading International from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Finally, B. Riley reissued a “buy” rating and issued a $26.50 price objective on shares of Reading International in a research note on Wednesday, August 16th.

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.

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

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