Glacier Peak Capital LLC Invests $240,000 in Reading International, Inc. Class A (RDI)

Glacier Peak Capital LLC bought a new stake in Reading International, Inc. Class A (NASDAQ:RDI) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 14,433 shares of the company’s stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY bought a new position in Reading International, Inc. Class A during the fourth quarter worth about $106,000. UBS Group AG lifted its stake in Reading International, Inc. Class A by 123.3% during the first quarter. UBS Group AG now owns 7,138 shares of the company’s stock worth $119,000 after purchasing an additional 3,942 shares during the period. MetLife Investment Advisors LLC bought a new position in Reading International, Inc. Class A during the fourth quarter worth about $142,000. AXA bought a new position in Reading International, Inc. Class A during the fourth quarter worth about $219,000. Finally, Trexquant Investment LP bought a new position in Reading International, Inc. Class A during the first quarter worth about $309,000. Institutional investors and hedge funds own 38.24% of the company’s stock.

Shares of Reading International, Inc. Class A traded down $0.02, reaching $16.02, during trading on Thursday, Marketbeat reports. The stock had a trading volume of 100 shares, compared to its average volume of 41,499. Reading International, Inc. Class A has a 52 week low of $14.37 and a 52 week high of $17.50. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $364.17 million, a P/E ratio of 12.32 and a beta of 1.26.

Reading International, Inc. Class A (NASDAQ:RDI) last posted its earnings results on Thursday, May 10th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Reading International, Inc. Class A had a net margin of 10.84% and a return on equity of 7.90%. The company had revenue of $75.82 million during the quarter, compared to analysts’ expectations of $70.40 million. analysts forecast that Reading International, Inc. Class A will post 0.46 EPS for the current fiscal year.

A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Reading International, Inc. Class A from a “sell” rating to a “hold” rating in a research note on Tuesday, February 27th. BidaskClub upgraded shares of Reading International, Inc. Class A from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 24th. Finally, B. Riley cut their price target on shares of Reading International, Inc. Class A from $26.50 to $23.50 and set a “buy” rating for the company in a research note on Thursday, March 22nd.

In other news, insider James J. Cotter, Jr. sold 15,000 shares of Reading International, Inc. Class A stock in a transaction that occurred on Friday, March 23rd. The shares were sold at an average price of $16.54, for a total value of $248,100.00. Following the completion of the transaction, the insider now owns 352,987 shares in the company, valued at $5,838,404.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James J. Cotter, Jr. sold 25,000 shares of Reading International, Inc. Class A stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $16.80, for a total transaction of $420,000.00. Following the completion of the transaction, the insider now owns 352,987 shares of the company’s stock, valued at approximately $5,930,181.60. The disclosure for this sale can be found here. Insiders own 25.57% of the company’s stock.

Reading International, Inc. Class A Profile

Reading International, Inc engages in the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. The company operates in two segments, Theatrical Motion Picture Exhibition (Cinema Exhibition) and Real Estate. The Cinema Exhibition segment operates multiplex cinemas.

Want to see what other hedge funds are holding RDI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reading International, Inc. Class A (NASDAQ:RDI).

Institutional Ownership by Quarter for Reading International, Inc. Class A (NASDAQ:RDI)

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