BidaskClub Upgrades Reading International, Inc. Class A (RDI) to Hold

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Reading International, Inc. Class A (NASDAQ:RDI) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other analysts have also recently commented on the company. Zacks Investment Research cut Reading International, Inc. Class A from a “hold” rating to a “sell” rating in a research note on Tuesday. B. Riley lowered their price target on 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.

Shares of RDI stock opened at $16.35 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $373.59 million, a PE ratio of 27.10 and a beta of 1.26. Reading International, Inc. Class A has a one year low of $14.37 and a one year high of $17.50.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG increased its stake in Reading International, Inc. Class A by 123.3% during the 1st quarter. UBS Group AG now owns 7,138 shares of the company’s stock worth $119,000 after purchasing an additional 3,942 shares in the last quarter. Gabelli Funds LLC increased its stake in Reading International, Inc. Class A by 2.9% during the 1st quarter. Gabelli Funds LLC now owns 140,461 shares of the company’s stock worth $2,339,000 after purchasing an additional 4,000 shares in the last quarter. Benchmark Capital Advisors increased its stake in Reading International, Inc. Class A by 18.1% during the 1st quarter. Benchmark Capital Advisors now owns 32,600 shares of the company’s stock worth $543,000 after purchasing an additional 5,000 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Reading International, Inc. Class A by 23.8% during the 1st quarter. JPMorgan Chase & Co. now owns 27,774 shares of the company’s stock worth $463,000 after purchasing an additional 5,341 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Reading International, Inc. Class A by 29.1% during the 4th quarter. Wells Fargo & Company MN now owns 24,597 shares of the company’s stock worth $411,000 after purchasing an additional 5,544 shares in the last quarter. 36.48% of the stock is owned by institutional investors and hedge funds.

Reading International, Inc. Class A Company 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.

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