BidaskClub upgraded shares of Reading International Inc (NASDAQ:RDI) from a hold rating to a buy rating in a report released on Friday.

Several other analysts also recently issued reports on RDI. B. Riley reaffirmed a buy rating and issued a $26.50 price target on shares of Reading International in a report on Saturday, May 20th. TheStreet raised shares of Reading International from a c+ rating to a b rating in a report on Friday, June 2nd. Finally, Zacks Investment Research downgraded shares of Reading International from a hold rating to a sell rating in a report on Tuesday, July 18th.

Reading International (RDI) traded down 0.19% during mid-day trading on Friday, reaching $16.01. 104,797 shares of the company’s stock were exchanged. The stock has a market capitalization of $369.14 million, a PE ratio of 14.31 and a beta of 1.27. Reading International has a 1-year low of $12.54 and a 1-year high of $17.18. The firm’s 50-day moving average is $15.74 and its 200 day moving average is $15.68.

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In related news, insider James J. Cotter, Jr. sold 5,112 shares of the company’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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James J. Cotter, Jr. sold 9,888 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $15.62, for a total transaction of $154,450.56. The disclosure for this sale can be found here. Corporate insiders own 26.75% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in shares of Reading International during the first quarter valued at approximately $103,000. American International Group Inc. lifted its stake in shares of Reading International by 7.2% during the first quarter. American International Group Inc. now owns 10,368 shares of the company’s stock valued at $161,000 after buying an additional 695 shares during the period. Alliancebernstein L.P. purchased a new position in shares of Reading International during the second quarter valued at approximately $165,000. Goldman Sachs Group Inc. lifted its stake in shares of Reading International by 5.1% during the first quarter. Goldman Sachs Group Inc. now owns 10,725 shares of the company’s stock valued at $167,000 after buying an additional 521 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of Reading International by 2.6% during the second quarter. Wells Fargo & Company MN now owns 12,258 shares of the company’s stock valued at $198,000 after buying an additional 312 shares during the period. 33.26% of the stock is currently owned by institutional investors and hedge funds.

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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