Reading International Inc (NASDAQ:RDI) insider James J. Cotter, Jr. sold 5,112 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $15.51, for a total transaction of $79,287.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Reading International Inc (NASDAQ:RDI) traded up 1.88% during midday trading on Monday, reaching $15.73. 36,241 shares of the company were exchanged. The stock has a market capitalization of $364.67 million, a price-to-earnings ratio of 35.91 and a beta of 1.25. Reading International Inc has a 52-week low of $11.88 and a 52-week high of $17.18. The firm’s 50-day moving average price is $15.84 and its 200 day moving average price is $15.95.

Reading International (NASDAQ:RDI) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. The firm had revenue of $69.45 million during the quarter, compared to analyst estimates of $71.80 million. Reading International had a return on equity of 7.69% and a net margin of 3.71%. Equities analysts predict that Reading International Inc will post $0.61 earnings per share for the current year.

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A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Reading International from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Tuesday, March 21st. TheStreet upgraded shares of Reading International from a “c+” rating to a “b” rating in a report on Friday, June 2nd. Finally, B. Riley restated a “buy” rating and issued a $26.00 target price on shares of Reading International in a report on Wednesday, March 22nd.

A number of hedge funds have recently made changes to their positions in RDI. B. Riley Financial Inc. raised its stake in shares of Reading International by 76.1% in the first quarter. B. Riley Financial Inc. now owns 30,213 shares of the company’s stock worth $470,000 after buying an additional 13,057 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Reading International by 7.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,094,400 shares of the company’s stock worth $18,167,000 after buying an additional 73,300 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Reading International by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 834,675 shares of the company’s stock worth $13,856,000 after buying an additional 33,140 shares during the last quarter. State Street Corp raised its stake in shares of Reading International by 7.3% in the fourth quarter. State Street Corp now owns 243,657 shares of the company’s stock worth $4,044,000 after buying an additional 16,540 shares during the last quarter. Finally, Gabelli Funds LLC purchased a new stake in shares of Reading International during the first quarter worth approximately $218,000. Hedge funds and other institutional investors own 31.55% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Reading International (NASDAQ:RDI)

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