Reading International, Inc. (NASDAQ:RDI) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Analysts have set a 1 year consensus price objective of $28.25 for the company and are forecasting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also given Reading International an industry rank of 189 out of 255 based on the ratings given to its competitors.

Several equities analysts have issued reports on RDI shares. B. Riley restated a “buy” rating on shares of Reading International in a research report on Tuesday, September 4th. BidaskClub lowered shares of Reading International from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 29th. Finally, Zacks Investment Research raised shares of Reading International from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th.

Shares of NASDAQ RDI traded down $0.10 during mid-day trading on Friday, hitting $14.25. 52,481 shares of the stock were exchanged, compared to its average volume of 49,697. The firm has a market cap of $327.59 million, a price-to-earnings ratio of 26.89 and a beta of 1.35. Reading International has a twelve month low of $13.91 and a twelve month high of $17.50. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.81.

Reading International (NASDAQ:RDI) last released its quarterly earnings data on Thursday, August 9th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.05. The business had revenue of $84.22 million during the quarter, compared to analysts’ expectations of $88.40 million. Reading International had a net margin of 5.70% and a return on equity of 6.76%. On average, analysts forecast that Reading International will post 0.5 earnings per share for the current year.

In other news, insider Margaret Cotter sold 3,500 shares of the stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $15.67, for a total value of $54,845.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James J. Cotter, Jr. sold 9,400 shares of the stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $16.18, for a total transaction of $152,092.00. Following the completion of the sale, the insider now owns 298,587 shares of the company’s stock, valued at approximately $4,831,137.66. The disclosure for this sale can be found here. Corporate insiders own 26.95% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of RDI. Eidelman Virant Capital boosted its position in Reading International by 21.4% during the second quarter. Eidelman Virant Capital now owns 451,250 shares of the company’s stock worth $7,197,000 after purchasing an additional 79,650 shares during the period. Dimensional Fund Advisors LP boosted its position in Reading International by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,099,326 shares of the company’s stock worth $17,534,000 after purchasing an additional 78,253 shares during the period. BlackRock Inc. boosted its position in Reading International by 9.4% during the second quarter. BlackRock Inc. now owns 878,024 shares of the company’s stock worth $14,004,000 after purchasing an additional 75,156 shares during the period. Teton Advisors Inc. boosted its position in Reading International by 15.4% during the second quarter. Teton Advisors Inc. now owns 487,852 shares of the company’s stock worth $7,781,000 after purchasing an additional 65,180 shares during the period. Finally, Gamco Investors INC. ET AL boosted its position in Reading International by 20.0% during the second quarter. Gamco Investors INC. ET AL now owns 227,393 shares of the company’s stock worth $3,627,000 after purchasing an additional 37,873 shares during the period. Institutional investors and hedge funds own 38.34% of the company’s stock.

Reading International 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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