Reading International, Inc. (NASDAQ:RDI) Insider Sells $11,495.00 in Stock

Reading International, Inc. (NASDAQ:RDIGet Rating) insider James J. Cotter Living Trust sold 2,750 shares of Reading International stock in a transaction dated Wednesday, April 20th. The stock was sold at an average price of $4.18, for a total transaction of $11,495.00. Following the transaction, the insider now directly owns 1,262,649 shares in the company, valued at $5,277,872.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

James J. Cotter Living Trust also recently made the following trade(s):

  • On Friday, April 22nd, James J. Cotter Living Trust sold 2,750 shares of Reading International stock. The stock was sold at an average price of $4.10, for a total transaction of $11,275.00.
  • On Monday, April 18th, James J. Cotter Living Trust sold 2,750 shares of Reading International stock. The stock was sold at an average price of $4.15, for a total transaction of $11,412.50.
  • On Wednesday, April 13th, James J. Cotter Living Trust sold 2,750 shares of Reading International stock. The stock was sold at an average price of $4.11, for a total transaction of $11,302.50.
  • On Monday, April 11th, James J. Cotter Living Trust sold 2,750 shares of Reading International stock. The stock was sold at an average price of $4.08, for a total transaction of $11,220.00.
  • On Friday, April 8th, James J. Cotter Living Trust sold 2,750 shares of Reading International stock. The shares were sold at an average price of $4.15, for a total transaction of $11,412.50.
  • On Wednesday, March 30th, James J. Cotter Living Trust sold 2,750 shares of Reading International stock. The shares were sold at an average price of $4.35, for a total transaction of $11,962.50.
  • On Monday, March 28th, James J. Cotter Living Trust sold 2,750 shares of Reading International stock. The shares were sold at an average price of $4.22, for a total transaction of $11,605.00.
  • On Friday, March 18th, James J. Cotter Living Trust sold 2,750 shares of Reading International stock. The shares were sold at an average price of $4.43, for a total transaction of $12,182.50.
  • On Friday, March 11th, James J. Cotter Living Trust sold 2,750 shares of Reading International stock. The shares were sold at an average price of $4.24, for a total transaction of $11,660.00.
  • On Friday, March 4th, James J. Cotter Living Trust sold 2,750 shares of Reading International stock. The shares were sold at an average price of $4.16, for a total transaction of $11,440.00.

Shares of RDI stock opened at $4.06 on Friday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a market capitalization of $89.30 million, a P/E ratio of 2.84 and a beta of 1.56. The company has a 50 day moving average price of $4.30 and a 200 day moving average price of $4.45. Reading International, Inc. has a fifty-two week low of $3.86 and a fifty-two week high of $7.15.

Reading International (NASDAQ:RDIGet Rating) last announced its quarterly earnings data on Wednesday, March 16th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $49.92 million during the quarter. Reading International had a net margin of 22.95% and a negative return on equity of 37.01%.

A number of equities research analysts have weighed in on the stock. TheStreet upgraded shares of Reading International from a “d” rating to a “c-” rating in a research report on Monday, April 11th. StockNews.com initiated coverage on shares of Reading International in a report on Tuesday. They issued a “sell” rating for the company.

A number of institutional investors have recently modified their holdings of the stock. Wittenberg Investment Management Inc. lifted its stake in Reading International by 6.1% in the third quarter. Wittenberg Investment Management Inc. now owns 1,343,326 shares of the company’s stock worth $6,797,000 after acquiring an additional 77,027 shares during the last quarter. Eidelman Virant Capital lifted its stake in Reading International by 20.7% in the first quarter. Eidelman Virant Capital now owns 1,068,183 shares of the company’s stock worth $4,571,000 after acquiring an additional 183,173 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in Reading International by 13.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 222,200 shares of the company’s stock worth $898,000 after acquiring an additional 26,000 shares during the last quarter. Geode Capital Management LLC lifted its stake in Reading International by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 166,990 shares of the company’s stock worth $674,000 after acquiring an additional 4,349 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in Reading International by 2.5% in the fourth quarter. BlackRock Inc. now owns 111,183 shares of the company’s stock worth $449,000 after acquiring an additional 2,726 shares during the last quarter. Institutional investors own 43.19% of the company’s stock.

Reading International Company Profile (Get Rating)

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.

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