BidaskClub lowered shares of Reading International (NASDAQ:RDI) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

A number of other analysts have also issued reports on RDI. Zacks Investment Research lowered shares of Reading International from a hold rating to a sell rating in a research note on Friday, November 17th. Gabelli initiated coverage on shares of Reading International in a research note on Friday, December 1st. They issued a buy rating for the company. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. Reading International has an average rating of Hold and an average target price of $26.50.

Reading International (RDI) opened at $15.98 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $375.59, a price-to-earnings ratio of 15.67 and a beta of 1.30. Reading International has a 12-month low of $14.37 and a 12-month high of $17.06.

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 analysts’ consensus estimates 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 return on equity of 8.16% and a net margin of 8.70%. research analysts anticipate that Reading International will post 1.15 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in shares of Reading International by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 882,670 shares of the company’s stock worth $14,237,000 after acquiring an additional 24,997 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Reading International by 5.8% during the first quarter. Geode Capital Management LLC now owns 128,122 shares of the company’s stock worth $1,991,000 after acquiring an additional 6,990 shares during the last quarter. Gabelli Funds LLC grew its position in shares of Reading International by 123.5% during the third quarter. Gabelli Funds LLC now owns 84,373 shares of the company’s stock worth $1,326,000 after acquiring an additional 46,623 shares during the last quarter. Gamco Investors INC. ET AL grew its position in shares of Reading International by 82.5% during the second quarter. Gamco Investors INC. ET AL now owns 73,582 shares of the company’s stock worth $1,187,000 after acquiring an additional 33,262 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Reading International by 3.9% during the first quarter. Vanguard Group Inc. now owns 536,985 shares of the company’s stock worth $8,345,000 after acquiring an additional 20,038 shares during the last quarter. Hedge funds and other institutional investors own 35.17% of the company’s stock.

WARNING: This report was originally posted by Watch List News and is owned by of Watch List News. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://www.watchlistnews.com/reading-international-rdi-downgraded-by-bidaskclub/1783299.html.

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.

Receive News & Ratings for Reading International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reading International and related companies with Analyst Ratings Network's FREE daily email newsletter.