Reading International, Inc. (NASDAQ:RDI) Insider James J. Cotter Living Trust Sells 2,500 Shares of Stock

Reading International, Inc. (NASDAQ:RDI) insider James J. Cotter Living Trust sold 2,500 shares of Reading International stock in a transaction on Friday, February 14th. The shares were sold at an average price of $9.92, for a total value of $24,800.00. Following the completion of the sale, the insider now directly owns 823,032 shares of the company’s stock, valued at $8,164,477.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Wednesday, February 12th, James J. Cotter Living Trust sold 2,500 shares of Reading International stock. The shares were sold at an average price of $10.05, for a total value of $25,125.00.
  • On Monday, February 10th, James J. Cotter Living Trust sold 2,500 shares of Reading International stock. The shares were sold at an average price of $10.05, for a total value of $25,125.00.
  • On Thursday, February 6th, James J. Cotter Living Trust sold 2,500 shares of Reading International stock. The shares were sold at an average price of $10.36, for a total value of $25,900.00.

Shares of RDI stock opened at $9.95 on Friday. The stock has a 50-day moving average price of $10.65 and a 200 day moving average price of $11.45. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 2.25. The firm has a market cap of $220.84 million, a price-to-earnings ratio of 38.46 and a beta of 1.02. Reading International, Inc. has a 12 month low of $9.88 and a 12 month high of $16.55.

Reading International (NASDAQ:RDI) last released its earnings results on Wednesday, November 13th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). Reading International had a net margin of 2.18% and a return on equity of 3.52%. The business had revenue of $70.46 million for the quarter.

Hedge funds and other institutional investors have recently modified their holdings of the company. Eidelman Virant Capital grew its stake in shares of Reading International by 24.7% during the fourth quarter. Eidelman Virant Capital now owns 554,043 shares of the company’s stock worth $6,200,000 after purchasing an additional 109,843 shares during the period. Yacktman Asset Management LP lifted its stake in Reading International by 39.5% in the fourth quarter. Yacktman Asset Management LP now owns 318,000 shares of the company’s stock valued at $3,558,000 after buying an additional 90,000 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Reading International by 31.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 69,679 shares of the company’s stock worth $780,000 after buying an additional 16,491 shares during the last quarter. Parametric Portfolio Associates LLC bought a new position in Reading International during the second quarter worth about $145,000. Finally, Barclays PLC boosted its holdings in Reading International by 94.6% during the fourth quarter. Barclays PLC now owns 16,644 shares of the company’s stock worth $186,000 after buying an additional 8,090 shares during the last quarter. 42.66% of the stock is currently owned by institutional investors.

About Reading International

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, Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas.

Further Reading: Relative Strength Index

Insider Buying and Selling by Quarter for Reading International (NASDAQ:RDI)

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