Schroder Investment Management Group Decreases Holdings in Reynolds American, Inc. (RAI)

Schroder Investment Management Group cut its holdings in shares of Reynolds American, Inc. (NYSE:RAI) by 92.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 85,913 shares of the company’s stock after selling 1,061,440 shares during the quarter. Schroder Investment Management Group’s holdings in Reynolds American were worth $5,586,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Glassman Wealth Services boosted its position in Reynolds American by 0.8% during the 2nd quarter. Glassman Wealth Services now owns 1,568 shares of the company’s stock worth $102,000 after acquiring an additional 12 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Reynolds American by 2.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,569 shares of the company’s stock worth $102,000 after acquiring an additional 39 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in Reynolds American during the 2nd quarter worth about $119,000. Motco boosted its position in Reynolds American by 549.7% during the 2nd quarter. Motco now owns 1,962 shares of the company’s stock worth $128,000 after acquiring an additional 1,660 shares during the period. Finally, Parallel Advisors LLC boosted its position in Reynolds American by 21.2% during the 1st quarter. Parallel Advisors LLC now owns 3,065 shares of the company’s stock worth $198,000 after acquiring an additional 537 shares during the period. Hedge funds and other institutional investors own 46.34% of the company’s stock.

Reynolds American, Inc. (NYSE:RAI) opened at 65.40 on Tuesday. Reynolds American, Inc. has a 52 week low of $43.38 and a 52 week high of $67.81. The company has a 50 day moving average price of $65.25 and a 200-day moving average price of $64.00.

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RAI has been the subject of a number of research reports. BidaskClub lowered Reynolds American from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Jefferies Group LLC set a $60.00 price objective on Reynolds American and gave the stock a “hold” rating in a research report on Friday, August 25th. Cowen and Company reaffirmed a “hold” rating and set a $65.00 price target on shares of Reynolds American in a research note on Tuesday, July 11th. Vetr raised Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price target for the company in a research note on Monday, June 12th. Finally, Piper Jaffray Companies started coverage on Reynolds American in a research note on Thursday, May 25th. They set a “neutral” rating and a $67.00 price target for the company. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Reynolds American presently has a consensus rating of “Hold” and a consensus price target of $59.82.

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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