Teachers Advisors LLC Maintains Position in Reading International Inc (RDI)

Teachers Advisors LLC continued to hold its stake in Reading International Inc (NASDAQ:RDI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,012 shares of the company’s stock at the end of the fourth quarter. Teachers Advisors LLC’s holdings in Reading International were worth $432,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Capstone Investment Advisors LLC purchased a new stake in Reading International during the fourth quarter worth about $524,000. Gamco Investors INC. ET AL raised its stake in Reading International by 2.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 40,350 shares of the company’s stock worth $670,000 after buying an additional 1,000 shares in the last quarter. State Street Corp raised its stake in Reading International by 7.3% in the fourth quarter. State Street Corp now owns 243,657 shares of the company’s stock worth $4,044,000 after buying an additional 16,540 shares in the last quarter. ARS Investment Partners LLC purchased a new stake in Reading International during the fourth quarter worth about $6,233,000. Finally, Dimensional Fund Advisors LP raised its stake in Reading International by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 834,675 shares of the company’s stock worth $13,856,000 after buying an additional 33,140 shares in the last quarter. Institutional investors own 31.55% of the company’s stock.

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

Shares of Reading International Inc (NASDAQ:RDI) opened at 15.83 on Friday. Reading International Inc has a 52 week low of $11.88 and a 52 week high of $17.18. The company has a market cap of $366.99 million, a price-to-earnings ratio of 36.14 and a beta of 1.25. The company has a 50 day moving average of $15.84 and a 200-day moving average of $15.95.

Reading International (NASDAQ:RDI) last announced its earnings results on Tuesday, May 9th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $69.45 million during the quarter, compared to analysts’ expectations of $71.80 million. Reading International had a return on equity of 7.69% and a net margin of 3.71%. On average, equities research analysts expect that Reading International Inc will post $0.61 earnings per share for the current fiscal year.

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A number of research firms have recently issued reports on RDI. B. Riley reiterated a “buy” rating and set a $26.50 price objective on shares of Reading International in a research note on Monday, May 15th. TheStreet upgraded shares of Reading International from a “c+” rating to a “b” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Reading International from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, March 21st.

About Reading International

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:RDI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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