Eidelman Virant Capital Has $5.94 Million Holdings in Reading International Inc (RDI)

Eidelman Virant Capital raised its holdings in Reading International Inc (NASDAQ:RDI) by 32.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 377,650 shares of the company’s stock after purchasing an additional 91,850 shares during the period. Reading International accounts for approximately 3.5% of Eidelman Virant Capital’s portfolio, making the stock its 4th largest holding. Eidelman Virant Capital owned approximately 1.64% of Reading International worth $5,936,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Luzich Partners LLC raised its position in shares of Reading International by 1.5% in the second quarter. Luzich Partners LLC now owns 404,245 shares of the company’s stock valued at $6,520,000 after buying an additional 6,000 shares during the last quarter. State Street Corp raised its position in shares of Reading International by 8.7% in the second quarter. State Street Corp now owns 279,324 shares of the company’s stock valued at $4,504,000 after buying an additional 22,320 shares during the last quarter. Parallax Volatility Advisers L.P. raised its position in shares of Reading International by 10.3% in the second quarter. Parallax Volatility Advisers L.P. now owns 29,193 shares of the company’s stock valued at $471,000 after buying an additional 2,737 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Reading International by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 882,670 shares of the company’s stock valued at $14,237,000 after buying an additional 24,997 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Reading International by 1.0% in the second quarter. Renaissance Technologies LLC now owns 1,102,973 shares of the company’s stock valued at $17,791,000 after buying an additional 10,473 shares during the last quarter. 33.33% of the stock is currently owned by institutional investors.

Reading International Inc (RDI) traded up 0.19% during trading on Wednesday, hitting $15.68. 3,030 shares of the stock were exchanged. Reading International Inc has a 12-month low of $12.54 and a 12-month high of $17.18. The stock’s 50-day moving average price is $15.96 and its 200-day moving average price is $15.79. The firm has a market cap of $361.53 million, a PE ratio of 14.01 and a beta of 1.30.

In other Reading International news, insider James J. Cotter, Jr. sold 9,888 shares of the firm’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 25.57% of the company’s stock.

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A number of equities analysts have recently weighed in on the stock. 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 issued a $26.50 price objective on shares of Reading International in a research report on Wednesday, August 16th. Finally, Zacks Investment Research lowered shares of Reading International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th.

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.

Institutional Ownership by Quarter for Reading International (NASDAQ:RDI)

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