Sustainable Insight Capital Management LLC lessened its stake in Reynolds American, Inc. (NYSE:RAI) by 83.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,100 shares of the company’s stock after selling 197,300 shares during the period. Reynolds American accounts for about 1.2% of Sustainable Insight Capital Management LLC’s portfolio, making the stock its 22nd largest position. Sustainable Insight Capital Management LLC’s holdings in Reynolds American were worth $2,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of 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 buying an additional 39 shares during the period. 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 buying an additional 12 shares during the period. Acrospire Investment Management LLC purchased a new position in Reynolds American in the 2nd quarter worth about $103,000. Shine Investment Advisory Services Inc. purchased 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 buying an additional 1,660 shares during the period. 46.34% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Reynolds American, Inc. (RAI) Position Reduced by Sustainable Insight Capital Management LLC” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/05/reynolds-american-inc-rai-position-reduced-by-sustainable-insight-capital-management-llc.html.

Shares of Reynolds American, Inc. (NYSE RAI) traded down 2.23% on Thursday, reaching $65.40. 159,452,032 shares of the company’s stock traded hands. Reynolds American, Inc. has a 52 week low of $43.38 and a 52 week high of $67.81. The firm’s 50 day moving average is $65.25 and its 200 day moving average is $64.00.

RAI has been the topic of several recent analyst reports. BidaskClub downgraded shares of Reynolds American from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Vetr upgraded shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 target price on the stock 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 Monday, July 17th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $59.82.

About Reynolds American

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 & Stock 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 stocks with our FREE daily email newsletter.