Zacks Investment Research upgraded shares of Reading International (NASDAQ:RDI) from a hold rating to a buy rating in a research report report published on Thursday morning. They currently have $18.00 target price on the stock.
According to Zacks, “Reading International, Inc. is engaged primarily in the ownership and management of commercial and residential property. “
A number of other analysts have also recently commented on RDI. BidaskClub cut Reading International from a sell rating to a strong sell rating in a research report on Thursday, October 18th. TheStreet cut Reading International from a b- rating to a c rating in a research report on Thursday, November 15th. Finally, ValuEngine upgraded Reading International from a hold rating to a buy rating in a research report on Saturday, December 15th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $20.50.
Several institutional investors have recently bought and sold shares of RDI. LPL Financial LLC purchased a new stake in shares of Reading International in the fourth quarter valued at approximately $160,000. Bessemer Group Inc. purchased a new stake in shares of Reading International during the third quarter worth approximately $193,000. MetLife Investment Advisors LLC increased its position in shares of Reading International by 60.9% during the third quarter. MetLife Investment Advisors LLC now owns 13,679 shares of the company’s stock worth $216,000 after purchasing an additional 5,175 shares in the last quarter. PEAK6 Investments LLC purchased a new stake in shares of Reading International during the third quarter worth approximately $251,000. Finally, Rhumbline Advisers increased its position in shares of Reading International by 44.9% during the fourth quarter. Rhumbline Advisers now owns 23,950 shares of the company’s stock worth $348,000 after purchasing an additional 7,420 shares in the last quarter. Institutional investors and hedge funds own 37.87% 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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