Teton Advisors Inc. continued to hold its position in shares of Reading International Inc (NASDAQ:RDI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 359,623 shares of the company’s stock at the end of the fourth quarter. Teton Advisors Inc.’s holdings in Reading International were worth $5,970,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in RDI. B. Riley Financial Inc. bought a new stake in Reading International during the third quarter valued at $233,000. State Street Corp increased 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 valued at $4,044,000 after buying an additional 16,540 shares in the last quarter. Dimensional Fund Advisors LP increased 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 valued at $13,856,000 after buying an additional 33,140 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in Reading International during the fourth quarter valued at $1,290,000. Institutional investors and hedge funds own 22.47% of the company’s stock.
Shares of Reading International Inc (NASDAQ:RDI) traded down 0.48% during trading on Tuesday, reaching $16.61. 10,542 shares of the company were exchanged. Reading International Inc has a 1-year low of $9.77 and a 1-year high of $17.18. The firm has a 50-day moving average price of $16.59 and a 200-day moving average price of $14.63. The stock has a market capitalization of $387.58 million, a P/E ratio of 31.94 and a beta of 0.95.
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RDI has been the subject of several research analyst reports. B. Riley reaffirmed a “buy” rating and set a $26.00 price target on shares of Reading International in a research note on Wednesday, November 9th. Zacks Investment Research raised shares of Reading International from a “hold” rating to a “strong-buy” rating and set a $16.00 price target for the company in a research note on Wednesday, November 16th.
In related news, insider James J. Cotter, Jr. sold 50,000 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $14.99, for a total transaction of $749,500.00. Following the sale, the insider now owns 535,186 shares of the company’s stock, valued at $8,022,438.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James J. Cotter, Jr. sold 25,000 shares of the business’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $14.96, for a total transaction of $374,000.00. Following the sale, the insider now directly owns 535,186 shares in the company, valued at approximately $8,006,382.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 166,603 shares of company stock worth $2,569,988. Insiders own 26.75% of the company’s stock.
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.
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