Reading International Inc (NASDAQ:RDI)‘s stock had its “buy” rating reissued by B. Riley in a research report issued on Wednesday. They currently have a $26.50 price objective on the stock. B. Riley’s price objective points to a potential upside of 65.32% from the company’s previous close.

RDI has been the subject of several other research reports. Zacks Investment Research lowered Reading International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. TheStreet raised Reading International from a “c+” rating to a “b” rating in a research note on Friday, June 2nd.

Shares of Reading International (RDI) traded down 2.4585% during mid-day trading on Wednesday, hitting $15.6359. The stock had a trading volume of 19,865 shares. The stock’s 50-day moving average price is $15.86 and its 200 day moving average price is $15.76. Reading International has a 1-year low of $12.54 and a 1-year high of $17.18. The company has a market capitalization of $360.52 million, a P/E ratio of 13.9731 and a beta of 1.33.

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In related news, insider James J. Cotter, Jr. sold 5,112 shares of the business’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $15.51, for a total transaction of $79,287.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James J. Cotter, Jr. sold 9,888 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $15.62, for a total value of $154,450.56. The disclosure for this sale can be found here. 26.75% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. B. Riley Financial Inc. increased its position in 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 period. Renaissance Technologies LLC increased its position in 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 period. Dimensional Fund Advisors LP increased its position in 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 period. State Street Corp increased its position in 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 period. Finally, PEAK6 Investments L.P. increased its position in Reading International by 12.8% in the fourth quarter. PEAK6 Investments L.P. now owns 33,318 shares of the company’s stock worth $553,000 after buying an additional 3,779 shares during the period. Hedge funds and other institutional investors own 31.68% 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.

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