Level Four Advisory Services LLC reduced its holdings in Reynolds American, Inc. (NYSE:RAI) by 26.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,915 shares of the company’s stock after selling 7,491 shares during the quarter. Level Four Advisory Services LLC’s holdings in Reynolds American were worth $1,330,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. increased its stake in Reynolds American by 2.5% in 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 last quarter. Glassman Wealth Services increased its stake in Reynolds American by 0.8% in 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 last quarter. Acrospire Investment Management LLC bought a new position in Reynolds American in the 2nd quarter worth about $103,000. Shine Investment Advisory Services Inc. bought a new position in Reynolds American in the 2nd quarter worth about $119,000. Finally, Motco increased its stake in Reynolds American by 549.7% in 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 last quarter. Institutional investors and hedge funds own 46.34% of the company’s stock.

A number of brokerages have weighed in on RAI. Jefferies Group LLC set a $60.00 target price on Reynolds American and gave the stock a “hold” rating in a research note on Friday, August 25th. BidaskClub lowered Reynolds American from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Cowen and Company restated a “hold” rating and issued a $65.00 target price on shares of Reynolds American in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $60.50.

WARNING: “Reynolds American, Inc. (RAI) Shares Sold by Level Four Advisory Services LLC” was published by Daily Political and is the sole property of of Daily Political. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/10/17/reynolds-american-inc-rai-shares-sold-by-level-four-advisory-services-llc.html.

Reynolds American 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)

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.