Equities research analysts at Gabelli assumed coverage on shares of Reading International (NASDAQ:RDI) in a research note issued to investors on Friday, Marketbeat.com reports. The firm set a “buy” rating on the stock.

Several other brokerages also recently issued reports on RDI. BidaskClub raised shares of Reading International from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. B. Riley reissued a “buy” rating and set a $26.50 price objective on shares of Reading International in a research report on Wednesday, August 16th. Finally, Zacks Investment Research raised shares of Reading International from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. Reading International has a consensus rating of “Hold” and an average target price of $26.50.

Shares of Reading International (NASDAQ RDI) opened at $16.05 on Friday. Reading International has a 12 month low of $14.37 and a 12 month high of $17.18. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.80. The company has a market cap of $368.34, a P/E ratio of 28.26 and a beta of 1.30.

Reading International (NASDAQ:RDI) last issued its earnings results on Monday, November 6th. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.04). Reading International had a net margin of 8.70% and a return on equity of 8.16%. The firm had revenue of $66.09 million during the quarter, compared to the consensus estimate of $65.70 million. equities research analysts forecast that Reading International will post 1.15 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. B. Riley Financial Inc. acquired a new position in Reading International during the third quarter worth $204,000. Van Den Berg Management I Inc. boosted its holdings in Reading International by 56.0% during the third quarter. Van Den Berg Management I Inc. now owns 295,085 shares of the company’s stock worth $4,639,000 after purchasing an additional 105,897 shares during the last quarter. Pinnacle Associates Ltd. acquired a new position in Reading International during the third quarter worth $211,000. Dimensional Fund Advisors LP boosted its holdings in Reading International by 3.7% during the third quarter. Dimensional Fund Advisors LP now owns 915,315 shares of the company’s stock worth $14,389,000 after purchasing an additional 32,645 shares during the last quarter. Finally, Jupiter Asset Management Ltd. boosted its holdings in Reading International by 13.6% during the third quarter. Jupiter Asset Management Ltd. now owns 236,377 shares of the company’s stock worth $3,716,000 after purchasing an additional 28,357 shares during the last quarter. 35.17% of the stock is owned by institutional investors.

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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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