Reynolds American Inc (NYSE:RAI) Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its position in Reynolds American Inc (NYSE:RAI) by 18.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 888,642 shares of the company’s stock after selling 203,619 shares during the period. First Trust Advisors LP’s holdings in Reynolds American were worth $57,797,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RAI. Louisiana State Employees Retirement System increased 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 valued at $3,337,000 after buying an additional 500 shares during the period. Waldron LP increased its stake 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 buying an additional 294 shares during the period. Capital Fund Management S.A. increased 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 valued at $2,903,000 after buying an additional 43,901 shares during the period. Pentwater Capital Management LP acquired a new stake in Reynolds American during the first quarter valued at approximately $321,455,000. Finally, Jackson Grant Investment Advisers Inc. increased 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 valued at $268,000 after buying an additional 25 shares during the period. 46.34% of the stock is currently owned by institutional investors.

Shares of Reynolds American Inc (NYSE:RAI) opened at 65.40 on Friday. The stock’s 50 day moving average price is $65.27 and its 200 day moving average price is $63.85. Reynolds American Inc has a 12 month low of $43.38 and a 12 month high of $67.81.

COPYRIGHT VIOLATION NOTICE: “Reynolds American Inc (NYSE:RAI) Shares Sold by First Trust Advisors LP” was originally published by Stock Observer and is the property of of Stock Observer. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://www.thestockobserver.com/2017/08/12/reynolds-american-inc-nyserai-shares-sold-by-first-trust-advisors-lp.html.

Several equities research analysts have commented on RAI shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $60.00 price objective on shares of Reynolds American in a report on Wednesday, April 26th. Zacks Investment Research downgraded shares of Reynolds American from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Piper Jaffray Companies started coverage on shares of Reynolds American in a report on Thursday, May 25th. They set a “neutral” rating and a $67.00 price objective on the stock. BidaskClub downgraded shares of Reynolds American from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Finally, Vetr raised shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price objective on the stock in a report on Monday, June 12th. Two investment 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’s stock. The stock currently 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 & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply