Dimensional Fund Advisors LP Has $14.24 Million Holdings in Reading International Inc (RDI)
Dimensional Fund Advisors LP raised its holdings in shares of Reading International Inc (NASDAQ:RDI) by 2.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 882,670 shares of the company’s stock after purchasing an additional 24,997 shares during the period. Dimensional Fund Advisors LP owned 3.81% of Reading International worth $14,237,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in RDI. SG Americas Securities LLC bought a new position in shares of Reading International during the first quarter valued at approximately $103,000. American International Group Inc. grew its holdings 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 last quarter. Alliancebernstein L.P. purchased a new stake in shares of Reading International during the second quarter valued at approximately $165,000. Goldman Sachs Group Inc. grew its holdings 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 last quarter. Finally, Wells Fargo & Company MN grew its holdings 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 last quarter. 33.92% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently commented on RDI. B. Riley reiterated a “buy” rating and set a $26.50 price target on shares of Reading International in a report on Friday, August 11th. Zacks Investment Research upgraded shares of Reading International from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, BidaskClub cut shares of Reading International from a “buy” rating to a “hold” rating in a report on Saturday, September 30th.
Shares of Reading International Inc (NASDAQ RDI) opened at $14.76 on Monday. Reading International Inc has a fifty-two week low of $13.77 and a fifty-two week high of $17.18. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.80. The company has a market cap of $337.47, a P/E ratio of 25.90 and a beta of 1.32.
Reading International (NASDAQ:RDI) last posted its quarterly earnings results on Monday, November 6th. The company reported $0.07 EPS for the quarter, missing the Zacks’ 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 for the quarter, compared to analysts’ expectations of $65.70 million. sell-side analysts forecast that Reading International Inc will post 1.2 EPS for the current year.
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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.
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