Reynolds American, Inc. (RAI) Position Boosted by Advisory Services Network LLC

Advisory Services Network LLC increased its holdings in shares of Reynolds American, Inc. (NYSE:RAI) by 18.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,836 shares of the company’s stock after buying an additional 922 shares during the quarter. Advisory Services Network LLC’s holdings in Reynolds American were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RAI. Louisiana State Employees Retirement System increased its stake in 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 acquiring an additional 500 shares during the last quarter. BlackRock Inc. increased its stake in 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 acquiring an additional 4,658,748 shares during the last quarter. Motco increased its stake in Reynolds American by 549.7% during the second quarter. Motco now owns 1,962 shares of the company’s stock worth $128,000 after acquiring an additional 1,660 shares during the last quarter. Aberdeen Asset Management PLC UK increased its stake in Reynolds American by 3.6% during the second quarter. Aberdeen Asset Management PLC UK now owns 302,299 shares of the company’s stock worth $19,661,000 after acquiring an additional 10,404 shares during the last quarter. Finally, Pentwater Capital Management LP acquired a new stake in Reynolds American during the first quarter worth about $321,455,000. Hedge funds and other institutional investors own 46.34% of the company’s stock.

Several brokerages have commented on RAI. BidaskClub lowered Reynolds American from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Jefferies Group LLC set a $60.00 price target on Reynolds American and gave the stock a “hold” rating in a research note on Friday, August 25th. Finally, Cowen and Company restated a “hold” rating and set a $65.00 price target on shares of Reynolds American in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, nine have issued 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 a consensus rating of “Hold” and a consensus price target of $60.50.

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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.

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

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