Northern Trust Corp boosted its holdings in Reading International Inc (NASDAQ:RDI) by 7.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,561 shares of the company’s stock after buying an additional 13,721 shares during the period. Northern Trust Corp owned approximately 0.86% of Reading International worth $3,219,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in Reading International by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 857,673 shares of the company’s stock valued at $13,328,000 after purchasing an additional 22,998 shares during the period. Vanguard Group Inc. boosted its holdings in Reading International by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 536,985 shares of the company’s stock valued at $8,345,000 after purchasing an additional 20,038 shares during the period. Wittenberg Investment Management Inc. boosted its holdings in Reading International by 2.8% in the 2nd quarter. Wittenberg Investment Management Inc. now owns 501,416 shares of the company’s stock valued at $8,088,000 after purchasing an additional 13,779 shares during the period. Teton Advisors Inc. boosted its holdings in Reading International by 4.0% in the 2nd quarter. Teton Advisors Inc. now owns 378,172 shares of the company’s stock valued at $6,100,000 after purchasing an additional 14,549 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Reading International by 5.8% in the 1st quarter. Geode Capital Management LLC now owns 128,122 shares of the company’s stock valued at $1,991,000 after purchasing an additional 6,990 shares during the period. Institutional investors and hedge funds own 34.89% of the company’s stock.

Reading International Inc (RDI) opened at $15.31 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.80. Reading International Inc has a fifty-two week low of $14.37 and a fifty-two week high of $17.18. The company has a market cap of $350.05, a price-to-earnings ratio of 26.86 and a beta of 1.32.

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

RDI has been the subject of several analyst reports. BidaskClub downgraded shares of Reading International from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Zacks Investment Research raised shares of Reading International from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, B. Riley reissued a “buy” rating and issued a $26.50 price target on shares of Reading International in a report on Wednesday, August 16th.

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Reading International 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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