Zacks: Reading International Inc (RDI) Given Average Recommendation of “Strong Buy” by Analysts

Reading International Inc (NASDAQ:RDI) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Analysts have set a 12-month consensus price objective of $26.00 for the company and are forecasting that the company will post $0.08 EPS for the current quarter, according to Zacks. Zacks has also given Reading International an industry rank of 150 out of 265 based on the ratings given to its competitors.

Several research analysts have issued reports on the company. Zacks Investment Research lowered Reading International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 12th. B. Riley reiterated a “buy” rating and set a $26.00 price objective on shares of Reading International in a research note on Monday, December 12th.

In related news, insider James J. Cotter, Jr. sold 50,000 shares of Reading International stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $14.99, for a total value of $749,500.00. Following the completion of the sale, the insider now directly owns 535,186 shares in the company, valued at $8,022,438.14. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James J. Cotter, Jr. sold 41,603 shares of Reading International stock in a transaction dated Thursday, December 8th. The stock was sold at an average price of $15.90, for a total value of $661,487.70. Following the completion of the sale, the insider now owns 440,186 shares of the company’s stock, valued at $6,998,957.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 166,603 shares of company stock valued at $2,569,988. 26.75% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Jupiter Asset Management Ltd. purchased a new stake in shares of Reading International during the fourth quarter worth approximately $1,290,000. Renaissance Technologies LLC raised its stake in shares of Reading International by 7.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,094,400 shares of the company’s stock worth $18,167,000 after buying an additional 73,300 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 during the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of Reading International during the fourth quarter worth approximately $524,000. Finally, B. Riley Financial Inc. purchased a new stake in shares of Reading International during the third quarter worth approximately $233,000. Hedge funds and other institutional investors own 22.47% of the company’s stock.

“Zacks: Reading International Inc (RDI) Given Average Recommendation of “Strong Buy” by Analysts” was originally published by Mideast Time and is the property of of Mideast Time. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright legislation. The correct version of this piece of content can be accessed at https://www.mideasttime.com/zacks-reading-international-inc-rdi-given-average-recommendation-of-strong-buy-by-analysts/1536898.html.

Shares of Reading International (NASDAQ:RDI) opened at 16.61 on Wednesday. Reading International has a one year low of $9.77 and a one year high of $17.18. The firm has a market capitalization of $387.58 million, a P/E ratio of 31.94 and a beta of 0.95. The firm has a 50-day moving average of $16.59 and a 200-day moving average of $14.65.

About Reading International

Reading International, Inc (RDI) is focused on the development, ownership and operation of multiplex cinemas, and retail and commercial real estate in the United States, Australia and New Zealand. The Company operates through two segments: cinema exhibition and real estate. The cinema exhibition segment operates multiplex cinemas.

5 Day Chart for NASDAQ:RDI

Get a free copy of the Zacks research report on Reading International (RDI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Reading International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reading International Inc and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.