Schnieders Capital Management LLC continued to hold its position in shares of Reading International Inc (NASDAQ:RDI) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,340 shares of the company’s stock at the end of the second quarter. Schnieders Capital Management LLC owned 0.07% of Reading International worth $280,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of RDI. SG Americas Securities LLC purchased a new position in Reading International during the first quarter valued at $103,000. American International Group Inc. boosted its position in Reading International by 7.2% in the first quarter. American International Group Inc. now owns 10,368 shares of the company’s stock valued at $161,000 after buying an additional 695 shares during the period. Goldman Sachs Group Inc. boosted its position in Reading International by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 10,725 shares of the company’s stock valued at $167,000 after buying an additional 521 shares during the period. Gabelli Funds LLC bought a new position in Reading International during the first quarter worth $218,000. Finally, B. Riley Financial Inc. boosted 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 last quarter. Hedge funds and other institutional investors own 31.68% of the company’s stock.
Shares of Reading International Inc (RDI) opened at 15.53 on Friday. Reading International Inc has a 12-month low of $12.54 and a 12-month high of $17.18. The company has a market cap of $358.08 million, a price-to-earnings ratio of 13.88 and a beta of 1.33. The company’s 50-day moving average is $15.82 and its 200-day moving average is $15.76.
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A number of research firms have weighed in on RDI. B. Riley reiterated a “buy” rating and issued a $26.50 target price on shares of Reading International in a research note on Wednesday. Zacks Investment Research raised shares of Reading International from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, TheStreet raised shares of Reading International from a “c+” rating to a “b” rating in a research report on Friday, June 2nd.
In other Reading International news, insider James J. Cotter, Jr. sold 5,112 shares of Reading International stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James J. Cotter, Jr. sold 9,888 shares of Reading International stock in a transaction on Monday, August 14th. The stock was sold at an average price of $15.62, for a total transaction of $154,450.56. The disclosure for this sale can be found here. Insiders own 26.75% 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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