Girard Partners LTD. decreased its stake in shares of Reynolds American, Inc. (NYSE:RAI) by 41.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,687 shares of the company’s stock after selling 14,077 shares during the period. Girard Partners LTD.’s holdings in Reynolds American were worth $1,280,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of RAI. Louisiana State Employees Retirement System raised its stake 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 worth $3,337,000 after buying an additional 500 shares in the last quarter. Pentwater Capital Management LP purchased a new stake in Reynolds American during the first quarter worth $321,455,000. Waldron LP raised its stake in Reynolds American by 1.4% in the first quarter. Waldron LP now owns 21,417 shares of the company’s stock worth $1,349,000 after buying an additional 294 shares in the last quarter. Capital Fund Management S.A. raised its stake 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 worth $2,903,000 after buying an additional 43,901 shares in the last quarter. 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 worth $268,000 after buying an additional 25 shares in the last quarter. Institutional investors and hedge funds own 46.34% of the company’s stock.

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

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A number of research firms have recently weighed in 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 for the company. Zacks Investment Research lowered shares of Reynolds American from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Vetr upgraded shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 target price for the company 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. Finally, 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. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Reynolds American presently 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.

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

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