The stock of Reading International, Inc. (NASDAQ:RDI) is a huge mover today! About 84,456 shares traded hands or 146.06% up from the average. Reading International, Inc. (NASDAQ:RDI) has risen 6.60% since April 5, 2016 and is uptrending. It has outperformed by 4.65% the S&P500.
The move comes after 8 months positive chart setup for the $317.13 million company. It was reported on Nov, 8 by Barchart.com. We have $36.81 PT which if reached, will make NASDAQ:RDI worth $564.49M more.
According to Zacks Investment Research, “Reading International, Inc. is engaged primarily in the ownership and management of commercial and residential property.”
Insitutional Activity: The institutional sentiment decreased to 0.8 in Q2 2016. Its down 0.23, from 1.03 in 2016Q1. The ratio is negative, as 8 funds sold all Reading International, Inc. shares owned while 22 reduced positions. 4 funds bought stakes while 20 increased positions. They now own 5.91 million shares or 6.60% less from 6.33 million shares in 2016Q1.
Royal Comml Bank Of Canada has 0% invested in the company for 170 shares. Fuller Thaler Asset Management owns 3,800 shares or 0% of their US portfolio. Ladenburg Thalmann Inc has 31 shares for 0% of their US portfolio. Goldman Sachs Gp last reported 21,820 shares in the company. Raymond James And Assocs has 0.01% invested in the company for 147,226 shares. Schnieders Cap Management Ltd Liability Company reported 17,340 shares or 0.12% of all its holdings. Blackrock Ltd Liability has 0% invested in the company for 9,039 shares. Cornerstone Mgmt Hldg owns 19,614 shares or 0% of their US portfolio. Group Incorporated One Trading Lp accumulated 0% or 10,101 shares. Axa accumulated 56,600 shares or 0% of the stock. Geode Capital Mngmt Ltd last reported 0% of its portfolio in the stock. The United Kingdom-based Oxford Asset Management has invested 0.01% in Reading International, Inc. (NASDAQ:RDI). Stifel last reported 12,700 shares in the company. Moreover, Wells Fargo & Company Mn has 0% invested in Reading International, Inc. (NASDAQ:RDI) for 6,617 shares. Blackrock Inc holds 0% of its portfolio in Reading International, Inc. (NASDAQ:RDI) for 2,529 shares.
Insider Transactions: Since August 12, 2016, the stock had 0 buys, and 3 sales for $2.75 million net activity. $1.52 million worth of shares were sold by Cotter James J JR on Friday, August 12.
More notable recent Reading International, Inc. (NASDAQ:RDI) news were published by: Businesswire.com which released: “Reading International Announces Third Quarter 2016 Results” on November 08, 2016, also Businesswire.com with their article: “Reading International, Inc. Announces Final Award in STOMP Arbitration” published on May 02, 2016, Businesswire.com published: “Reading International, Inc. Announces Date for 2016 Annual Meeting of Stockholders” on March 11, 2016. More interesting news about Reading International, Inc. (NASDAQ:RDI) were released by: Wsj.com and their article: “Reading International Says It Rejected $17-a-Share Takeover Approach” published on July 18, 2016 as well as Businesswire.com‘s news article titled: “Reading International, Inc. Announces Progress on Union Square Property” with publication date: April 28, 2016.
RDI Company Profile
Reading International, Inc. (RDI), incorporated on October 28, 1999, 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. RDI operates through two divisions: cinema exhibition and real estate. The cinema exhibition segment operates multiplex cinemas. RDI’s real estate segment includes real estate development and the rental of retail, commercial and live theater assets. The Firm manages its cinema exhibition businesses around the world under various brands, including Reading Cinema, Angelika Film Centers, Consolidated Theatres and City Cinemas brands in the United States; under the Reading Cinema brand in Australia, and under the Reading Cinema and Rialto brands in New Zealand.
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