Baillie Gifford & Co. Boosts Holdings in Reynolds American, Inc. (RAI)

Baillie Gifford & Co. raised its position in shares of Reynolds American, Inc. (NYSE:RAI) by 9.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 421,090 shares of the company’s stock after acquiring an additional 36,460 shares during the quarter. Baillie Gifford & Co.’s holdings in Reynolds American were worth $27,387,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Reynolds American by 3,610.0% in the 1st quarter. BlackRock Inc. now owns 46,203,722 shares of the company’s stock worth $2,911,755,000 after purchasing an additional 44,958,351 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Reynolds American by 48,701.2% in the 1st quarter. Renaissance Technologies LLC now owns 5,514,535 shares of the company’s stock worth $347,526,000 after purchasing an additional 5,503,235 shares in the last quarter. Pentwater Capital Management LP bought a new stake in shares of Reynolds American in the 1st quarter worth approximately $321,455,000. Bank of New York Mellon Corp boosted its position in shares of Reynolds American by 21.2% in the 1st quarter. Bank of New York Mellon Corp now owns 21,755,416 shares of the company’s stock worth $1,371,026,000 after purchasing an additional 3,799,305 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new stake in shares of Reynolds American in the 1st quarter worth approximately $122,475,000. 46.34% of the stock is currently owned by institutional investors and hedge funds.

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A number of analysts have recently commented on RAI shares. BidaskClub cut Reynolds American from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Jefferies Group LLC set a $60.00 price target on Reynolds American and gave the stock a “hold” rating in a research report on Friday, August 25th. Cowen and Company reissued a “hold” rating and issued a $65.00 price target on shares of Reynolds American in a research report on Tuesday, July 11th. Vetr raised Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price target on the stock in a research report on Monday, June 12th. Finally, Piper Jaffray Companies started coverage on Reynolds American in a research report on Thursday, May 25th. They issued a “neutral” rating and a $67.00 price target on the stock. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $59.82.

Reynolds American, Inc. (NYSE RAI) traded down 2.23% during trading on Monday, reaching $65.40. The company had a trading volume of 159,452,032 shares. The stock has a 50 day moving average of $65.25 and a 200-day moving average of $64.00. Reynolds American, Inc. has a 12-month low of $43.38 and a 12-month high of $67.81.

Reynolds American Company Profile

Reynolds American Inc (RAI) is a holding company. The Company’s segments include RJR Tobacco, which consists of the primary operations of its subsidiary, R. J. Reynolds Tobacco Company; Santa Fe, which consists of the primary operations of its subsidiary, Santa Fe Natural Tobacco Company, Inc, and American Snuff, which consists of the primary operations of its subsidiary, American Snuff Company, LLC.

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Institutional Ownership by Quarter for Reynolds American (NYSE:RAI)

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