Rothschild Asset Management Inc. decreased its position in shares of Reynolds American Inc (NYSE:RAI) by 15.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,090 shares of the company’s stock after selling 2,370 shares during the period. Rothschild Asset Management Inc.’s holdings in Reynolds American were worth $851,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Gulf International Bank UK Ltd boosted its position in shares of 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. Quadrant Capital Group LLC boosted its position in shares of Reynolds American by 7.0% in the first quarter. Quadrant Capital Group LLC now owns 2,999 shares of the company’s stock worth $182,000 after buying an additional 195 shares during the period. Spirit of America Management Corp NY boosted its position in shares of Reynolds American by 109.0% in the first quarter. Spirit of America Management Corp NY now owns 8,052 shares of the company’s stock worth $507,000 after buying an additional 4,200 shares during the period. TNB Financial bought a new position in shares of Reynolds American during the first quarter worth about $231,000. Finally, Atria Investments LLC boosted its position in shares of Reynolds American by 39.0% in the first quarter. Atria Investments LLC now owns 5,345 shares of the company’s stock worth $337,000 after buying an additional 1,500 shares during the period. 46.34% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Reynolds American Inc (NYSE RAI) opened at 65.40 on Thursday. Reynolds American Inc has a 1-year low of $43.38 and a 1-year high of $67.81. The company has a 50 day moving average price of $65.29 and a 200 day moving average price of $63.79.

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RAI has been the topic of a number of recent research reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $60.00 price objective on shares of Reynolds American in a research note on Wednesday, April 26th. Zacks Investment Research cut Reynolds American from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Piper Jaffray Companies initiated coverage on Reynolds American in a research note on Thursday, May 25th. They set a “neutral” rating and a $67.00 price objective on the stock. BidaskClub cut Reynolds American from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, Vetr raised Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price objective on the stock in a research note on Monday, June 12th. Two equities research 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. The stock presently has an average rating of “Hold” and a consensus target price 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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