Reading International, Inc. (NASDAQ:RDI) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Analysts have set a 12 month consensus target price of $28.25 for the company and are expecting that the company will post $0.10 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Reading International an industry rank of 189 out of 257 based on the ratings given to its competitors.

Several research firms have recently weighed in on RDI. Zacks Investment Research raised shares of Reading International from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Saturday, August 18th. BidaskClub downgraded shares of Reading International from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 29th. Finally, B. Riley reissued a “buy” rating on shares of Reading International in a research report on Tuesday, September 4th.

Shares of RDI traded down $0.33 during midday trading on Monday, hitting $15.00. The company had a trading volume of 50,972 shares, compared to its average volume of 84,894. The company has a market capitalization of $349.43 million, a P/E ratio of 11.54 and a beta of 1.38. Reading International has a 52 week low of $13.91 and a 52 week high of $17.50. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.61 and a current ratio of 0.78.

Reading International (NASDAQ:RDI) last released its earnings results on Wednesday, November 7th. The company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The company had revenue of $74.26 million during the quarter, compared to the consensus estimate of $70.40 million. Reading International had a net margin of 5.46% and a return on equity of 6.57%. As a group, sell-side analysts expect that Reading International will post 0.5 earnings per share for the current fiscal year.

In related news, insider Margaret Cotter sold 3,500 shares of the business’s stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $15.67, for a total transaction of $54,845.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James J. Cotter, Jr. sold 9,400 shares of the business’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $16.18, for a total transaction of $152,092.00. Following the sale, the insider now directly owns 298,587 shares of the company’s stock, valued at approximately $4,831,137.66. The disclosure for this sale can be found here. 26.95% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in RDI. JPMorgan Chase & Co. grew its position in shares of Reading International by 23.8% during the 1st quarter. JPMorgan Chase & Co. now owns 27,774 shares of the company’s stock valued at $463,000 after buying an additional 5,341 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Reading International by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,021,073 shares of the company’s stock valued at $17,001,000 after purchasing an additional 61,242 shares during the period. Russell Investments Group Ltd. boosted its stake in Reading International by 27.5% during the 1st quarter. Russell Investments Group Ltd. now owns 95,296 shares of the company’s stock valued at $1,587,000 after purchasing an additional 20,568 shares during the period. UBS Group AG boosted its stake in Reading International by 123.3% during the 1st quarter. UBS Group AG now owns 7,138 shares of the company’s stock valued at $119,000 after purchasing an additional 3,942 shares during the period. Finally, Eidelman Virant Capital boosted its stake in Reading International by 21.4% during the 2nd quarter. Eidelman Virant Capital now owns 451,250 shares of the company’s stock valued at $7,197,000 after purchasing an additional 79,650 shares during the period. 38.43% of the stock is owned by institutional investors and hedge funds.

Reading International Company Profile

Reading International, Inc engages in the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. The company operates in two segments, Theatrical Motion Picture Exhibition (Cinema Exhibition) and Real Estate. The Cinema Exhibition segment operates multiplex cinemas.

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