Reading International, Inc. (RDI) Receives $20.00 Consensus Target Price from Analysts

Shares of Reading International, Inc. (NASDAQ:RDI) have been assigned a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $20.00.

A number of research firms have issued reports on RDI. BidaskClub upgraded Reading International from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Zacks Investment Research upgraded Reading International from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Thursday, February 7th. Finally, ValuEngine upgraded Reading International from a “hold” rating to a “buy” rating in a report on Saturday, December 15th.

RDI stock opened at $16.06 on Friday. The stock has a market cap of $365.80 million, a price-to-earnings ratio of 25.74 and a beta of 1.27. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.37 and a quick ratio of 0.37. Reading International has a 1 year low of $13.91 and a 1 year high of $16.98.

Reading International (NASDAQ:RDI) last released its earnings results on Monday, March 18th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.12. The firm had revenue of $74.99 million during the quarter, compared to analysts’ expectations of $75.10 million. Reading International had a return on equity of 7.89% and a net margin of 4.62%. As a group, sell-side analysts forecast that Reading International will post 0.76 earnings per share for the current year.

In related news, CFO Devasis Ghose sold 35,000 shares of Reading International stock in a transaction dated Saturday, February 9th. The stock was sold at an average price of $16.19, for a total transaction of $566,650.00. Following the completion of the transaction, the chief financial officer now owns 7,500 shares in the company, valued at $121,425. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Margaret Cotter sold 13,995 shares of Reading International stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $16.03, for a total value of $224,339.85. The disclosure for this sale can be found here. Insiders sold a total of 116,495 shares of company stock valued at $1,881,790 in the last 90 days. 26.95% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of RDI. Dimensional Fund Advisors LP lifted its position in Reading International by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,166,668 shares of the company’s stock worth $16,963,000 after acquiring an additional 16,674 shares during the last quarter. BlackRock Inc. lifted its position in Reading International by 3.0% during the fourth quarter. BlackRock Inc. now owns 919,534 shares of the company’s stock worth $13,371,000 after acquiring an additional 26,544 shares during the last quarter. Vanguard Group Inc lifted its position in Reading International by 1.6% during the third quarter. Vanguard Group Inc now owns 675,778 shares of the company’s stock worth $10,677,000 after acquiring an additional 10,331 shares during the last quarter. Vanguard Group Inc. lifted its position in Reading International by 1.6% during the third quarter. Vanguard Group Inc. now owns 675,778 shares of the company’s stock worth $10,677,000 after acquiring an additional 10,331 shares during the last quarter. Finally, Teton Advisors Inc. lifted its position in Reading International by 1.4% during the fourth quarter. Teton Advisors Inc. now owns 501,352 shares of the company’s stock worth $7,290,000 after acquiring an additional 6,700 shares during the last quarter. Institutional investors and hedge funds own 39.96% 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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