JPMorgan Chase & Co. Sells 13,671 Shares of Reading International Inc (NASDAQ:RDI)
JPMorgan Chase & Co. lowered its stake in Reading International Inc (NASDAQ:RDI) by 55.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,160 shares of the company’s stock after selling 13,671 shares during the period. JPMorgan Chase & Co.’s holdings in Reading International were worth $173,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. State Street Corp increased its stake in Reading International by 7.3% in the fourth quarter. State Street Corp now owns 243,657 shares of the company’s stock worth $4,044,000 after buying an additional 16,540 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Reading International by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 834,675 shares of the company’s stock worth $13,856,000 after buying an additional 33,140 shares during the last quarter. Eidelman Virant Capital increased its stake in Reading International by 1.0% in the first quarter. Eidelman Virant Capital now owns 290,800 shares of the company’s stock worth $4,519,000 after buying an additional 3,000 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Reading International by 2.3% in the first quarter. Bank of New York Mellon Corp now owns 71,139 shares of the company’s stock worth $1,106,000 after buying an additional 1,630 shares during the last quarter. Finally, Teton Advisors Inc. increased its stake in Reading International by 1.1% in the first quarter. Teton Advisors Inc. now owns 363,623 shares of the company’s stock worth $5,651,000 after buying an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 31.58% of the company’s stock.
Reading International Inc (RDI) opened at 15.48 on Tuesday. The stock has a market capitalization of $358.87 million, a PE ratio of 35.34 and a beta of 1.33. Reading International Inc has a 52 week low of $12.54 and a 52 week high of $17.18. The stock’s 50 day moving average is $15.92 and its 200-day moving average is $15.83.
Reading International (NASDAQ:RDI) last released its quarterly earnings results on Tuesday, May 9th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. Reading International had a net margin of 3.71% and a return on equity of 7.69%. The business had revenue of $69.45 million for the quarter, compared to analyst estimates of $71.80 million. Equities research analysts forecast that Reading International Inc will post $0.61 EPS for the current year.
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A number of research analysts have recently weighed in on RDI shares. Zacks Investment Research raised shares of Reading International from a “sell” rating to a “hold” rating in a research note on Tuesday. TheStreet raised shares of Reading International from a “c+” rating to a “b” rating in a research note on Friday, June 2nd. Finally, B. Riley reissued a “buy” rating and set a $26.50 price objective on shares of Reading International in a research note on Monday, May 15th.
In other news, insider James J. Cotter, Jr. sold 5,112 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $15.51, for a total transaction of $79,287.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 26.75% of the stock is owned by insiders.
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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