Reading International, Inc. (NASDAQ:RDI) Stake Boosted by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL increased its position in shares of Reading International, Inc. (NASDAQ:RDI) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 272,100 shares of the company’s stock after acquiring an additional 9,500 shares during the period. Gamco Investors INC. ET AL’s holdings in Reading International were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of Reading International by 10.1% during the 4th quarter. Geode Capital Management LLC now owns 210,461 shares of the company’s stock worth $278,000 after purchasing an additional 19,224 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Reading International by 19.1% during the fourth quarter. Wells Fargo & Company MN now owns 227,755 shares of the company’s stock valued at $301,000 after buying an additional 36,561 shares in the last quarter. MassMutual Private Wealth & Trust FSB bought a new position in Reading International during the fourth quarter valued at about $354,000. Finally, Krilogy Financial LLC lifted its position in shares of Reading International by 11.6% in the fourth quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock worth $3,115,000 after buying an additional 246,000 shares during the last quarter. Institutional investors and hedge funds own 44.70% of the company’s stock.

Reading International Stock Performance

NASDAQ:RDI opened at $1.25 on Friday. The firm has a market capitalization of $27.86 million, a PE ratio of -0.66 and a beta of 1.28. Reading International, Inc. has a 1 year low of $1.17 and a 1 year high of $1.89. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 35.04. The firm’s fifty day simple moving average is $1.35 and its 200 day simple moving average is $1.44.

Reading International (NASDAQ:RDI) last posted its quarterly earnings data on Monday, March 31st. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.31. Reading International had a negative return on equity of 258.21% and a negative net margin of 21.22%. The business had revenue of $58.58 million for the quarter, compared to analyst estimates of $53.00 million.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Reading International in a report on Saturday. They issued a “sell” rating for the company.

Reading International Company Profile

Reading International, Inc, together with its subsidiaries, focuses on 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, Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas.