Wittenberg Investment Management Inc. Has $1.52 Million Holdings in Reading International Inc $RDI

Wittenberg Investment Management Inc. trimmed its holdings in shares of Reading International Inc (NASDAQ:RDI) by 7.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,135,446 shares of the company’s stock after selling 90,579 shares during the period. Reading International makes up 0.7% of Wittenberg Investment Management Inc.’s investment portfolio, making the stock its 29th largest holding. Wittenberg Investment Management Inc. owned about 5.05% of Reading International worth $1,521,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of RDI. Gamco Investors INC. ET AL lifted its position in shares of Reading International by 3.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 281,100 shares of the company’s stock valued at $391,000 after acquiring an additional 9,000 shares during the period. Krilogy Financial LLC grew its holdings in Reading International by 12.5% in the second quarter. Krilogy Financial LLC now owns 2,815,145 shares of the company’s stock worth $3,772,000 after purchasing an additional 312,535 shares during the period. Finally, Mraz Amerine & Associates Inc. bought a new stake in Reading International in the second quarter valued at $25,000. Institutional investors and hedge funds own 44.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Reading International in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Reading International has an average rating of “Sell”.

Reading International Trading Down 3.1%

Reading International stock opened at $1.23 on Tuesday. Reading International Inc has a 1-year low of $1.17 and a 1-year high of $1.87. The firm has a market capitalization of $27.94 million, a price-to-earnings ratio of -1.66 and a beta of 1.29. The firm’s fifty day moving average price is $1.44 and its two-hundred day moving average price is $1.40.

Reading International (NASDAQ:RDI) last posted its earnings results on Friday, November 14th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.09). The firm had revenue of $52.17 million for the quarter, compared to the consensus estimate of $58.75 million.

About Reading International

Reading International, Inc, together with its subsidiaries, focuses on 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, Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas.