Family Management Corp acquired a new stake in Reynolds American Inc (NYSE:RAI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,200 shares of the company’s stock, valued at approximately $202,000.

Other large investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its stake in Reynolds American by 5.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 30,390 shares of the company’s stock valued at $1,702,000 after buying an additional 1,610 shares during the last quarter. Wealthfront Inc. boosted its position in shares of Reynolds American by 18.9% in the fourth quarter. Wealthfront Inc. now owns 25,644 shares of the company’s stock valued at $1,437,000 after buying an additional 4,070 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its position in Reynolds American by 0.7% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 4,231 shares of the company’s stock worth $237,000 after buying an additional 28 shares during the last quarter. Hudson Bay Capital Management LP bought a new position in Reynolds American during the fourth quarter worth $16,807,000. Finally, Teachers Advisors LLC boosted its position in Reynolds American by 0.9% in the fourth quarter. Teachers Advisors LLC now owns 1,363,454 shares of the company’s stock worth $76,408,000 after buying an additional 11,894 shares during the last quarter. Institutional investors own 46.34% of the company’s stock.

Shares of Reynolds American Inc (NYSE:RAI) traded down 2.23% on Tuesday, reaching $65.40. The company had a trading volume of 159,452,032 shares. The company has a 50 day moving average of $65.38 and a 200-day moving average of $63.59. Reynolds American Inc has a 52 week low of $43.38 and a 52 week high of $67.81.

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A number of research firms have recently weighed in on RAI. Piper Jaffray Companies assumed coverage on Reynolds American in a research report on Thursday, May 25th. They set a “neutral” rating and a $67.00 price objective on the stock. BidaskClub downgraded Reynolds American from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Jefferies Group LLC set a $60.00 price objective on Reynolds American and gave the stock a “hold” rating in a research note on Monday, July 17th. 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. Finally, Zacks Investment Research downgraded Reynolds American from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Two 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 has an average rating of “Hold” and an average price target 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.

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

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