Gabelli Funds LLC lifted its holdings in Reading International Inc (NASDAQ:RDI) by 123.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,373 shares of the company’s stock after purchasing an additional 46,623 shares during the quarter. Gabelli Funds LLC owned 0.39% of Reading International worth $1,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the company. Rhumbline Advisers raised its stake in shares of Reading International by 1.4% in the second quarter. Rhumbline Advisers now owns 19,715 shares of the company’s stock worth $318,000 after purchasing an additional 270 shares during the last quarter. Wells Fargo & Company MN increased its position in 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 acquiring an additional 312 shares during the last quarter. Goldman Sachs Group Inc. increased its position in 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 acquiring an additional 521 shares during the last quarter. American International Group Inc. increased its position in 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 acquiring an additional 695 shares during the last quarter. Finally, Wilen Investment Management CORP. increased its position in Reading International by 2.4% during the second quarter. Wilen Investment Management CORP. now owns 63,342 shares of the company’s stock valued at $998,000 after acquiring an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 33.92% of the company’s stock.

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Shares of Reading International Inc (RDI) opened at $14.67 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market capitalization of $336.79, a PE ratio of 25.84 and a beta of 1.32. Reading International Inc has a 1 year low of $13.98 and a 1 year high of $17.18.

Reading International (NASDAQ:RDI) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.07 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 analysts’ expectations of $65.70 million. Reading International had a return on equity of 8.16% and a net margin of 8.70%. sell-side analysts expect that Reading International Inc will post 1.2 EPS for the current year.

A number of analysts have commented on RDI shares. B. Riley restated a “buy” rating and issued a $26.50 price target on shares of Reading International in a research report on Friday, August 11th. Zacks Investment Research upgraded Reading International from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, BidaskClub cut Reading International from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th.

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.

Institutional Ownership by Quarter for Reading International (NASDAQ:RDI)

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