Nationwide Fund Advisors Boosts Stake in Reading International Inc (RDI)
Nationwide Fund Advisors grew its position in Reading International Inc (NASDAQ:RDI) by 14.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,357 shares of the company’s stock after purchasing an additional 1,700 shares during the quarter. Nationwide Fund Advisors owned about 0.06% of Reading International worth $215,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of RDI. SG Americas Securities LLC acquired a new position in shares of Reading International in the first quarter valued at approximately $103,000. American International Group Inc. grew its position in shares of 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 purchasing an additional 695 shares during the last quarter. Alliancebernstein L.P. acquired a new position in shares of Reading International in the second quarter valued at approximately $165,000. Goldman Sachs Group Inc. grew its position in shares of 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 purchasing an additional 521 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Reading International by 2.6% in the second quarter. Wells Fargo & Company MN now owns 12,258 shares of the company’s stock valued at $198,000 after purchasing an additional 312 shares during the last quarter. 33.92% of the stock is currently owned by institutional investors.
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Shares of Reading International Inc (NASDAQ RDI) opened at $14.67 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market capitalization of $336.79, a P/E ratio of 25.84 and a beta of 1.32. Reading International Inc has a 12 month low of $13.98 and a 12 month high of $17.18.
Reading International (NASDAQ:RDI) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.04). The company had revenue of $66.09 million during the quarter, compared to the consensus estimate of $65.70 million. Reading International had a net margin of 8.70% and a return on equity of 8.16%. research analysts predict that Reading International Inc will post 1.2 EPS for the current year.
Several equities research analysts recently issued reports on RDI shares. Zacks Investment Research cut Reading International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. BidaskClub cut Reading International from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Finally, B. Riley reiterated a “buy” rating and issued a $26.50 price target on shares of Reading International in a research note on Wednesday, August 16th.
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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