Arizona State Retirement System boosted its stake in shares of Reynolds American Inc (NYSE:RAI) by 18.4% during the second quarter, Holdings Channel reports. The institutional investor owned 342,921 shares of the company’s stock after buying an additional 53,181 shares during the period. Arizona State Retirement System’s holdings in Reynolds American were worth $22,304,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its position in Reynolds American by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 51,300 shares of the company’s stock valued at $3,337,000 after buying an additional 500 shares in the last quarter. Waldron LP boosted its position in Reynolds American by 1.4% in the first quarter. Waldron LP now owns 21,417 shares of the company’s stock valued at $1,349,000 after buying an additional 294 shares in the last quarter. Capital Fund Management S.A. boosted its position in Reynolds American by 2,030.6% in the first quarter. Capital Fund Management S.A. now owns 46,063 shares of the company’s stock valued at $2,903,000 after buying an additional 43,901 shares in the last quarter. Pentwater Capital Management LP bought a new stake in Reynolds American during the first quarter valued at about $321,455,000. Finally, Jackson Grant Investment Advisers Inc. raised its stake in Reynolds American by 0.6% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 4,256 shares of the company’s stock valued at $268,000 after buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 46.34% of the company’s stock.

Shares of Reynolds American Inc (NYSE:RAI) opened at 65.40 on Friday. Reynolds American Inc has a 52 week low of $43.38 and a 52 week high of $67.81. The company’s 50 day moving average price is $65.27 and its 200-day moving average price is $63.80.

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Several equities research analysts have recently issued reports on RAI shares. Zacks Investment Research lowered Reynolds American from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $60.00 price objective on shares of Reynolds American in a research note on Wednesday, April 26th. Vetr raised Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price objective for the company in a research note on Monday, June 12th. Piper Jaffray Companies started coverage on Reynolds American in a research note on Thursday, May 25th. They issued a “neutral” rating and a $67.00 price objective for the company. Finally, 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. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Reynolds American currently 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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Institutional Ownership by Quarter for Reynolds American (NYSE:RAI)

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