Insider Worth Mentioning: James Cotter Sold 50000 shares of Reading International, Inc. (NASDAQ:RDI) in an Insider Trade

November 23, 2016 - By Linda Rogers

Insider Worth Mentioning: James Cotter Sold 50000 shares of Reading International, Inc. (NASDAQ:RDI) in an Insider Trade

James Cotter Insider Sell

Unloading amounting to exactly $749,283 USD was published online in a public report submitted to the SEC on 23/11/2016. According to which, James Cotter, the See Remarks of Reading International Inc also an insider of the Pinksheet-listed company had unloaded a total of 50,000 shares – ( at $15.0 for every share ). Right now, he has in hand 510,186 shares or 10%+ of the company’s total market cap.

Insitutional Activity: The institutional sentiment increased to 1.27 in 2016 Q2. Its up 0.47, from 0.8 in 2016Q1. The ratio is positive, 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.

Deutsche National Bank & Trust Ag has invested 0% of its portfolio in Reading International, Inc. (NASDAQ:RDI). Moreover, Martingale Asset Mgmt Ltd Partnership has 0% invested in Reading International, Inc. (NASDAQ:RDI) for 16,908 shares. Morgan Stanley holds 0% or 16,393 shares in its portfolio. Connor Clark And Lunn Inv Mgmt Limited holds 0% of its portfolio in Reading International, Inc. (NASDAQ:RDI) for 14,200 shares. Blackrock has 0% invested in the company for 2,529 shares. State Street Corp holds 0% or 238,520 shares in its portfolio. Oxford Asset has 27,122 shares for 0.01% of their US portfolio. Elkhorn Partnership owns 11,900 shares or 0.1% of their US portfolio. Bridgeway Capital Management accumulated 0.02% or 101,609 shares. Cornerstone Capital Lc accumulated 0% or 19,614 shares. Moreover, Rhumbline Advisers has 0% invested in Reading International, Inc. (NASDAQ:RDI) for 18,600 shares. Schwab Charles Investment Mgmt reported 23,000 shares or 0% of all its holdings. Tiaa Cref Inv Mgmt Ltd Liability Corp has 58,007 shares for 0% of their US portfolio. Axa holds 0% or 56,600 shares in its portfolio. Fuller And Thaler Asset Mgmt reported 3,800 shares or 0% of all its holdings.

Insider Transactions: Since August 12, 2016, the stock had 0 insider purchases, and 3 sales for $2.75 million net activity. Cotter James J JR also sold $414,615 worth of Reading International, Inc. (NASDAQ:RDI) shares.

The stock increased 1.12% or $0.17 during the last trading session, hitting $15.3. About 56,399 shares traded hands or 5.12% up from the average. Reading International, Inc. (NASDAQ:RDI) has risen 20.65% since April 21, 2016 and is uptrending. It has outperformed by 15.32% the S&P500.

Reading International, Inc. 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 has a market cap of $361.61 million. The Firm operates through two divisions: cinema exhibition and real estate. It has a 29.21 P/E ratio. The cinema exhibition segment operates multiplex cinemas.

According to Zacks Investment Research, “Reading International, Inc. is engaged primarily in the ownership and management of commercial and residential property.”

Analysts await Reading International, Inc. (NASDAQ:RDI) to report earnings on May, 1. They expect $0.08 earnings per share, down 42.86% or $0.06 from last year’s $0.14 per share. RDI’s profit will be $1.89M for 47.81 P/E if the $0.08 EPS becomes a reality. After $0.16 actual earnings per share reported by Reading International, Inc. for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.

More recent Reading International, Inc. (NASDAQ:RDI) news were published by: Latimes.com which released: “Siblings clash over control of LA-based movie theater chain Reading International” on November 22, 2016. Also Businesswire.com published the news titled: “Reading International, Inc. Announces Progress on Union Square Property” on April 28, 2016. Businesswire.com‘s news article titled: “Reading International, Inc. Announces Final Award in STOMP Arbitration” with publication date: May 02, 2016 was also an interesting one.

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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