GAM Holding AG raised its position in shares of Reynolds American, Inc. (NYSE:RAI) by 18.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 298,021 shares of the company’s stock after buying an additional 46,474 shares during the period. GAM Holding AG’s holdings in Reynolds American were worth $19,383,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of RAI. Gulf International Bank UK Ltd boosted its stake in Reynolds American by 24.8% in the first quarter. Gulf International Bank UK Ltd now owns 17,606 shares of the company’s stock worth $1,109,000 after buying an additional 3,500 shares during the period. Candriam Luxembourg S.C.A. boosted its stake in Reynolds American by 9.8% in the first quarter. Candriam Luxembourg S.C.A. now owns 89,305 shares of the company’s stock worth $5,628,000 after buying an additional 7,947 shares during the period. Nationwide Fund Advisors boosted its stake in Reynolds American by 2.7% in the first quarter. Nationwide Fund Advisors now owns 234,660 shares of the company’s stock worth $14,788,000 after buying an additional 6,147 shares during the period. Havens Advisors LLC boosted its stake in Reynolds American by 257.7% in the first quarter. Havens Advisors LLC now owns 135,897 shares of the company’s stock worth $8,564,000 after buying an additional 97,900 shares during the period. Finally, Waldron LP boosted its stake in Reynolds American by 1.4% in the first quarter. Waldron LP now owns 21,417 shares of the company’s stock worth $1,349,000 after buying an additional 294 shares during the period. Institutional investors own 46.34% of the company’s stock.
Reynolds American, Inc. (NYSE RAI) traded down 2.23% during trading on Tuesday, hitting $65.40. The company had a trading volume of 159,452,032 shares. Reynolds American, Inc. has a 12 month low of $43.38 and a 12 month high of $67.81. The company’s 50 day moving average price is $65.25 and its 200-day moving average price is $64.00.
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A number of analysts have recently commented on the company. Piper Jaffray Companies assumed coverage on Reynolds American in a research report on Thursday, May 25th. They set a “neutral” rating and a $67.00 target price on the stock. BidaskClub cut Reynolds American from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Jefferies Group LLC set a $60.00 target price on Reynolds American and gave the stock a “hold” rating in a research report on Monday, July 17th. Vetr upgraded Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 target price on the stock in a research report on Monday, June 12th. Finally, Zacks Investment Research cut Reynolds American from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Two investment 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. Reynolds American has a consensus rating of “Hold” and a consensus price target of $59.82.
About Reynolds American
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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