Reading International Inc. (NASDAQ:RDI) insider James J. Cotter, Jr. sold 25,000 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $14.96, for a total value of $374,000.00. Following the completion of the transaction, the insider now directly owns 535,186 shares of the company’s stock, valued at $8,006,382.56. The sale was disclosed in a filing with the SEC, which is available through this link.
Reading International Inc. (NASDAQ:RDI) opened at 15.29 on Monday. Reading International Inc. has a 52 week low of $9.71 and a 52 week high of $15.31. The firm’s 50-day moving average price is $13.73 and its 200-day moving average price is $13.22. The company has a market capitalization of $356.78 million, a price-to-earnings ratio of 29.40 and a beta of 0.84.
Reading International (NASDAQ:RDI) last released its earnings results on Tuesday, November 8th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.15. Reading International had a return on equity of 8.41% and a net margin of 4.58%. The business had revenue of $71.30 million for the quarter, compared to the consensus estimate of $46.12 million.
A number of equities analysts recently issued reports on the company. Zacks Investment Research raised Reading International from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective for the company in a report on Wednesday, November 16th. B. Riley reissued a “buy” rating and issued a $26.00 price objective on shares of Reading International in a report on Monday, November 14th.
Large investors have recently added to or reduced their stakes in the company. Northern Trust Corp boosted its position in shares of Reading International by 1.3% in the third quarter. Northern Trust Corp now owns 191,860 shares of the company’s stock worth $2,561,000 after buying an additional 2,421 shares in the last quarter. B. Riley Financial Inc. acquired a new position in shares of Reading International during the third quarter worth approximately $233,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Reading International during the third quarter worth approximately $171,000. 22.90% of the stock is currently owned by institutional investors and hedge funds.
Reading International Company Profile