Gabelli initiated coverage on shares of Reading International (NASDAQ:RDIB) in a research report issued on Friday. The brokerage set a “buy” rating on the stock.

Separately, B. Riley set a $27.00 price target on Reading International and gave the stock a “buy” rating in a report on Friday, August 11th.

Reading International (NASDAQ:RDIB) traded up $1.15 during trading hours on Friday, reaching $23.15. The company’s stock had a trading volume of 1,400 shares, compared to its average volume of 719. Reading International has a twelve month low of $15.66 and a twelve month high of $23.15.

An institutional investor recently bought a new position in Reading International stock. Gabelli Funds LLC acquired a new stake in shares of Reading International, Inc. (NASDAQ:RDIB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,276 shares of the company’s stock, valued at approximately $199,000.

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Reading International Company Profile

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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