Atlantic Trust LLC cut its stake in Reynolds American, Inc. (NYSE:RAI) by 77.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,038 shares of the company’s stock after selling 55,194 shares during the quarter. Atlantic Trust LLC’s holdings in Reynolds American were worth $1,043,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of RAI. Waldron LP increased its stake in shares of Reynolds American by 1.4% in the 1st quarter. Waldron LP now owns 21,417 shares of the company’s stock worth $1,349,000 after acquiring an additional 294 shares in the last quarter. Blair William & Co. IL increased its stake in shares of Reynolds American by 9.8% in the 1st quarter. Blair William & Co. IL now owns 23,605 shares of the company’s stock worth $1,480,000 after acquiring an additional 2,103 shares in the last quarter. American International Group Inc. increased its stake in shares of Reynolds American by 1.2% in the 1st quarter. American International Group Inc. now owns 9,262,283 shares of the company’s stock worth $583,709,000 after acquiring an additional 112,610 shares in the last quarter. Cibc World Markets Corp increased its stake in shares of Reynolds American by 171.7% in the 1st quarter. Cibc World Markets Corp now owns 2,844,388 shares of the company’s stock worth $179,253,000 after acquiring an additional 1,797,662 shares in the last quarter. Finally, SVA Plumb Wealth Management LLC bought a new position in shares of Reynolds American in the 1st quarter worth about $205,000. Institutional investors and hedge funds own 46.34% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Atlantic Trust LLC Decreases Holdings in Reynolds American, Inc. (RAI)” was reported by Daily Political and is the sole property of of Daily Political. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The correct version of this story can be read at https://www.dailypolitical.com/2017/10/15/atlantic-trust-llc-decreases-holdings-in-reynolds-american-inc-rai.html.

Several research analysts recently issued reports on RAI shares. Cowen and Company reiterated a “hold” rating and issued a $65.00 price target on shares of Reynolds American in a research note on Tuesday, July 11th. BidaskClub lowered shares of Reynolds American from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Jefferies Group LLC set a $60.00 price target on shares of Reynolds American and gave the stock a “hold” rating in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average 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.

Want to see what other hedge funds are holding RAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reynolds American, Inc. (NYSE:RAI).

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

Receive News & Ratings for Reynolds American Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reynolds American Inc. and related companies with MarketBeat.com's FREE daily email newsletter.