Prudential PLC cut its position in Reynolds American, Inc. (NYSE:RAI) by 20.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 510,242 shares of the company’s stock after selling 130,317 shares during the period. Prudential PLC’s holdings in Reynolds American were worth $33,186,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. City Financial Investment Co Ltd acquired a new position in Reynolds American in the second quarter valued at about $26,927,000. Salem Investment Counselors Inc. boosted its position in Reynolds American by 0.4% in the second quarter. Salem Investment Counselors Inc. now owns 2,208 shares of the company’s stock valued at $144,000 after buying an additional 8 shares in the last quarter. Sun Life Financial INC boosted its position in Reynolds American by 21,539.3% in the second quarter. Sun Life Financial INC now owns 6,059 shares of the company’s stock valued at $394,000 after buying an additional 6,031 shares in the last quarter. Institute for Wealth Management LLC. acquired a new position in Reynolds American in the second quarter valued at about $465,000. Finally, Mason Capital Management LLC boosted its position in Reynolds American by 9.7% in the second quarter. Mason Capital Management LLC now owns 3,484,886 shares of the company’s stock valued at $226,692,000 after buying an additional 308,000 shares in the last quarter. Hedge funds and other institutional investors own 46.34% of the company’s stock.

Shares of Reynolds American, Inc. (NYSE:RAI) traded down 2.23% during trading on Thursday, hitting $65.40. 159,452,032 shares of the stock were exchanged. The firm 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 52 week low of $43.38 and a 52 week high of $67.81.

A number of equities analysts have commented on RAI shares. BidaskClub lowered 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 target 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 target 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 target on the stock in a research report on Monday, June 12th. 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’s stock. The company has a consensus rating of “Hold” and an average price target of $59.82.

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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)

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