New York State Common Retirement Fund cut its stake in Reynolds American, Inc. (NYSE:RAI) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,207,500 shares of the company’s stock after selling 7,501 shares during the period. New York State Common Retirement Fund’s holdings in Reynolds American were worth $143,576,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its holdings in shares of Reynolds American by 2.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,569 shares of the company’s stock worth $102,000 after purchasing an additional 39 shares during the last quarter. Glassman Wealth Services grew its holdings in shares of Reynolds American by 0.8% in the second quarter. Glassman Wealth Services now owns 1,568 shares of the company’s stock worth $102,000 after purchasing an additional 12 shares during the last quarter. Acrospire Investment Management LLC bought a new position in shares of Reynolds American in the second quarter worth about $103,000. Shine Investment Advisory Services Inc. bought a new position in shares of Reynolds American in the second quarter worth about $119,000. Finally, Motco grew its holdings in shares of Reynolds American by 549.7% in the second quarter. Motco now owns 1,962 shares of the company’s stock worth $128,000 after purchasing an additional 1,660 shares during the last quarter. Hedge funds and other institutional investors own 46.34% of the company’s stock.

Several brokerages have issued reports on RAI. Piper Jaffray Companies began coverage on shares of Reynolds American in a report on Thursday, May 25th. They set a “neutral” rating and a $67.00 target price on the stock. Vetr upgraded shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 target price on the stock in a report on Monday, June 12th. Cowen and Company reiterated a “hold” rating and set a $65.00 target price on shares of Reynolds American in a report on Tuesday, July 11th. Jefferies Group LLC set a $60.00 target price on shares of Reynolds American and gave the stock a “hold” rating in a report on Friday, August 25th. Finally, BidaskClub cut shares of Reynolds American from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $59.82.

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Reynolds American, Inc. (NYSE RAI) traded down 2.23% during mid-day trading on Monday, hitting $65.40. 159,452,032 shares of the stock were exchanged. The company has a 50 day moving average of $65.25 and a 200 day moving average of $64.00. Reynolds American, Inc. has a 12-month low of $43.38 and a 12-month high of $67.81.

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.

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

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