Reading International Inc (NASDAQ:RDI) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

A number of other brokerages have also recently commented on RDI. TheStreet raised shares of Reading International from a “c+” rating to a “b” rating in a research note on Friday, June 2nd. B. Riley reaffirmed a “buy” rating and set a $26.50 price target on shares of Reading International in a research note on Wednesday, August 16th. Finally, Zacks Investment Research cut shares of Reading International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th.

Reading International (NASDAQ:RDI) traded down 0.19% during mid-day trading on Friday, reaching $16.01. The company had a trading volume of 104,797 shares. The company has a market capitalization of $369.14 million, a P/E ratio of 14.31 and a beta of 1.27. The stock has a 50 day moving average price of $15.74 and a 200 day moving average price of $15.68. Reading International has a one year low of $12.54 and a one year high of $17.18.

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In other news, insider James J. Cotter, Jr. sold 9,888 shares of Reading International stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $15.62, for a total value of $154,450.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James J. Cotter, Jr. sold 5,112 shares of Reading International stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $15.51, for a total transaction of $79,287.12. The disclosure for this sale can be found here. Insiders own 26.75% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Luzich Partners LLC grew its position in Reading International by 1.5% during the 2nd quarter. Luzich Partners LLC now owns 404,245 shares of the company’s stock worth $6,520,000 after purchasing an additional 6,000 shares during the last quarter. State Street Corp grew its position in Reading International by 8.7% during the 2nd quarter. State Street Corp now owns 279,324 shares of the company’s stock worth $4,504,000 after purchasing an additional 22,320 shares during the last quarter. Parallax Volatility Advisers L.P. grew its position in Reading International by 10.3% during the 2nd quarter. Parallax Volatility Advisers L.P. now owns 29,193 shares of the company’s stock worth $471,000 after purchasing an additional 2,737 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Reading International by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 882,670 shares of the company’s stock worth $14,237,000 after purchasing an additional 24,997 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Reading International by 1.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,102,973 shares of the company’s stock worth $17,791,000 after purchasing an additional 10,473 shares during the last quarter. 33.26% of the stock is currently owned by institutional investors.

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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