Stephens Inc. AR Raises Position in Reynolds American, Inc. (RAI)

Stephens Inc. AR boosted its holdings in shares of Reynolds American, Inc. (NYSE:RAI) by 17.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,885 shares of the company’s stock after buying an additional 9,039 shares during the quarter. Stephens Inc. AR’s holdings in Reynolds American were worth $3,895,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RAI. Oppenheimer Asset Management Inc. increased its holdings in Reynolds American by 2.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 1,569 shares of the company’s stock valued at $102,000 after buying an additional 39 shares during the period. Glassman Wealth Services grew its holdings in Reynolds American by 0.8% in the second quarter. Glassman Wealth Services now owns 1,568 shares of the company’s stock worth $102,000 after purchasing an additional 12 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new position in Reynolds American in the second quarter worth $119,000. Motco grew its holdings in Reynolds American by 549.7% in the second quarter. Motco now owns 1,962 shares of the company’s stock worth $128,000 after purchasing an additional 1,660 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in Reynolds American by 21.2% in the first quarter. Parallel Advisors LLC now owns 3,065 shares of the company’s stock worth $198,000 after purchasing an additional 537 shares during the last quarter. 46.34% of the stock is currently owned by institutional investors.

Several equities analysts have issued reports on the stock. Jefferies Group LLC set a $60.00 price target on shares of Reynolds American and gave the stock a “hold” rating in a report on Friday, August 25th. BidaskClub lowered shares of Reynolds American from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Vetr raised shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price target on the stock in a report on Monday, June 12th. Piper Jaffray Companies assumed coverage on shares of Reynolds American in a report on Thursday, May 25th. They issued a “neutral” rating and a $67.00 price target on the stock. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $65.00 price target on shares of Reynolds American in a report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $59.82.

Reynolds American, Inc. (NYSE:RAI) traded down 2.23% on Tuesday, reaching $65.40. 159,452,032 shares of the company were exchanged. The stock has a 50-day moving average price of $65.25 and a 200 day moving average price of $64.00. Reynolds American, Inc. has a 52 week low of $43.38 and a 52 week high of $67.81.

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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.

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

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