California State Teachers Retirement System trimmed its holdings in Reading International Inc (NASDAQ:RDI) by 11.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,875 shares of the company’s stock after selling 4,000 shares during the quarter. California State Teachers Retirement System owned about 0.13% of Reading International worth $482,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RDI. Vanguard Group Inc. raised its position in shares of Reading International by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 536,985 shares of the company’s stock valued at $8,345,000 after buying an additional 20,038 shares during the period. Geode Capital Management LLC raised its position in shares of Reading International by 5.8% during the 1st quarter. Geode Capital Management LLC now owns 128,122 shares of the company’s stock valued at $1,991,000 after buying an additional 6,990 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Reading International by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 857,673 shares of the company’s stock valued at $13,328,000 after buying an additional 22,998 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Reading International by 5.1% during the 1st 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. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Reading International during the 2nd quarter valued at approximately $671,000. 35.17% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have issued reports on RDI. BidaskClub lowered Reading International from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Zacks Investment Research lowered Reading International from a “hold” rating to a “sell” rating in a research report on Friday, November 17th. Gabelli began coverage on Reading International in a research report on Friday, December 1st. They issued a “buy” rating on the stock. Finally, B. Riley reissued a “buy” rating and issued a $26.50 target price on shares of Reading International in a research report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. Reading International currently has a consensus rating of “Hold” and a consensus target price of $26.50.

Shares of Reading International Inc (NASDAQ RDI) opened at $15.90 on Friday. The stock has a market capitalization of $360.57, a P/E ratio of 27.67 and a beta of 1.30. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.55 and a quick ratio of 1.55. Reading International Inc has a 12-month low of $14.37 and a 12-month high of $17.18.

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

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

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