National Asset Management Inc. lifted its stake in shares of Reynolds American, Inc. (NYSE:RAI) by 11.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,310 shares of the company’s stock after purchasing an additional 1,239 shares during the period. National Asset Management Inc.’s holdings in Reynolds American were worth $801,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System increased its stake in shares of Reynolds American by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 51,300 shares of the company’s stock worth $3,337,000 after purchasing an additional 500 shares in the last quarter. BlackRock Inc. increased its stake in shares of Reynolds American by 10.1% during the second quarter. BlackRock Inc. now owns 50,862,470 shares of the company’s stock worth $3,308,096,000 after purchasing an additional 4,658,748 shares in the last quarter. Motco increased its stake in shares of Reynolds American by 549.7% during the second quarter. Motco now owns 1,962 shares of the company’s stock worth $128,000 after purchasing an additional 1,660 shares in the last quarter. Pentwater Capital Management LP purchased a new stake in shares of Reynolds American during the first quarter worth about $321,455,000. Finally, Waldron LP increased its stake in shares of Reynolds American by 1.4% during the first quarter. Waldron LP now owns 21,417 shares of the company’s stock worth $1,349,000 after purchasing an additional 294 shares in the last quarter. 46.34% of the stock is owned by institutional investors and hedge funds.
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A number of research firms have recently commented on RAI. Cowen and Company reissued a “hold” rating and set a $65.00 target price on shares of Reynolds American in a research note on Tuesday, July 11th. Jefferies Group LLC set a $60.00 target price on shares of Reynolds American and gave the stock a “hold” rating in a research note on Friday, August 25th. Finally, BidaskClub lowered shares of Reynolds American from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $59.82.
Reynolds American 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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