Renaissance Technologies LLC lowered its position in Reynolds American, Inc. (NYSE:RAI) by 31.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,762,835 shares of the company’s stock after selling 1,751,700 shares during the period. Renaissance Technologies LLC’s holdings in Reynolds American were worth $244,735,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System lifted its position 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 valued at $3,337,000 after purchasing an additional 500 shares during the period. Pentwater Capital Management LP acquired a new stake in Reynolds American in the first quarter valued at about $321,455,000. Waldron LP lifted its position in Reynolds American by 1.4% in the first quarter. Waldron LP now owns 21,417 shares of the company’s stock valued at $1,349,000 after purchasing an additional 294 shares during the period. Motco lifted its position in Reynolds American by 549.7% in the second quarter. Motco now owns 1,962 shares of the company’s stock valued at $128,000 after purchasing an additional 1,660 shares during the period. Finally, BlackRock Inc. lifted its position in Reynolds American by 10.1% in the second quarter. BlackRock Inc. now owns 50,862,470 shares of the company’s stock valued at $3,308,096,000 after purchasing an additional 4,658,748 shares during the period. Hedge funds and other institutional investors own 46.34% of the company’s stock.

Reynolds American, Inc. (RAI) traded down 2.23% during midday trading on Friday, hitting $65.40. 159,452,032 shares of the stock were exchanged. The firm’s 50-day moving average is $65.25 and its 200 day moving average is $64.00. 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 equities research analysts recently commented on RAI shares. BidaskClub downgraded shares of Reynolds American from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Jefferies Group LLC set a $60.00 price objective on shares of Reynolds American and gave the company a “hold” rating in a research report on Friday, August 25th. Cowen and Company restated a “hold” rating and issued a $65.00 price objective on shares of Reynolds American in a research report on Tuesday, July 11th. Finally, Vetr upgraded shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price objective for the company in a research report on Monday, June 12th. 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 currently has an average rating of “Hold” and a consensus 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.

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

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