Reading International (RDI)

• Sector: Consumer Discretionary
• Industry: Motion Picture (Film) Theaters

Market Cap: $40.4M

About: Reading International Inc is a diversified company, engaged in the development, ownership, and operation of multiplex cinemas and retail and commercial real estate in the United States, Australia, and New Zealand. It operates through two segments: the Cinema segment includes Reading Cinemas, Angelika Film Center, Consolidated Theatres, and City Cinemas; the Real Estate segment includes real estate development and the rental or licensing of retail, commercial, and live theater assets.

Employees: 2,025

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

14.7% more ownership

Funds ownership: 50.88% [Q1] → 65.58% (+14.7%) [Q2]

14% more funds holding

Funds holding: 28 [Q1] → 32 (+4) [Q2]

0% more capital invested

Capital invested by funds: $19.3M [Q1] → $19.3M (+$46.6K) [Q2]

0% more call options, than puts

Call options by funds: $4K | Put options by funds: $4K

27% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 11

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $2.40 33% upside
• Avg. target: $2.40 33% upside
• High target: $2.40 33% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Macquarie Chad Beynon 57% 1-year accuracy 13 / 23 met price target

33% upside $2.40

Neutral Maintained

9 Jul 2024