BidaskClub cut shares of Reading International (NASDAQ:RDI) from a hold rating to a sell rating in a report released on Friday.

RDI has been the topic of a number of other reports. Gabelli assumed coverage on Reading International in a report on Friday, December 1st. They issued a buy rating on the stock. Zacks Investment Research cut Reading International from a hold rating to a sell rating in a report on Friday, November 17th. Two analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $26.50.

Shares of Reading International (RDI) traded down $0.02 during trading on Friday, hitting $15.98. The stock had a trading volume of 102,674 shares, compared to its average volume of 54,361. The firm has a market cap of $375.59, a PE ratio of 15.67 and a beta of 1.30. Reading International has a fifty-two week low of $14.37 and a fifty-two week high of $17.06. 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 issued its earnings results 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). The company had revenue of $66.09 million for the quarter, compared to analyst estimates of $65.70 million. Reading International had a return on equity of 8.16% and a net margin of 8.70%. research analysts forecast that Reading International will post 1.15 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of RDI. JPMorgan Chase & Co. increased its holdings in Reading International by 771.1% in the third quarter. JPMorgan Chase & Co. now owns 9,260 shares of the company’s stock valued at $146,000 after buying an additional 8,197 shares during the last quarter. Alliancebernstein L.P. purchased a new position in Reading International in the second quarter valued at $165,000. Goldman Sachs Group Inc. increased its holdings in 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 last quarter. Ausdal Financial Partners Inc. purchased a new position in Reading International in the third quarter valued at $173,000. Finally, Wells Fargo & Company MN increased its holdings in Reading International by 2.6% in 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 during the last quarter. 35.17% of the stock is currently owned by institutional investors and hedge funds.

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About Reading International

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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