BlueCrest Capital Management Ltd Takes Position in Reynolds American, Inc. (RAI)

BlueCrest Capital Management Ltd bought a new stake in shares of Reynolds American, Inc. (NYSE:RAI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 33,996 shares of the company’s stock, valued at approximately $2,211,000.

Other institutional investors also recently added to or reduced their stakes in the company. Glassman Wealth Services increased its stake in Reynolds American by 0.8% during the 2nd quarter. Glassman Wealth Services now owns 1,568 shares of the company’s stock valued at $102,000 after buying an additional 12 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Reynolds American by 2.5% during the 2nd 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. Acrospire Investment Management LLC acquired a new position in Reynolds American during the 2nd quarter valued at about $103,000. Shine Investment Advisory Services Inc. acquired a new position in Reynolds American during the 2nd quarter valued at about $119,000. Finally, Motco increased its stake in Reynolds American by 549.7% during the 2nd quarter. Motco now owns 1,962 shares of the company’s stock valued at $128,000 after buying an additional 1,660 shares during the period. 46.34% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on RAI. Jefferies Group LLC set a $60.00 target price on shares of Reynolds American and gave the company a “hold” rating in a research note on Friday, August 25th. Cowen and Company reaffirmed a “hold” rating and issued a $65.00 price objective on shares of Reynolds American in a research note on Tuesday, July 11th. Finally, BidaskClub cut shares of Reynolds American from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $59.82.

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

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