Reynolds American, Inc. (RAI) Holdings Decreased by Navellier & Associates Inc

Navellier & Associates Inc reduced its position in Reynolds American, Inc. (NYSE:RAI) by 75.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,977 shares of the company’s stock after selling 101,736 shares during the quarter. Navellier & Associates Inc’s holdings in Reynolds American were worth $2,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of RAI. Oppenheimer Asset Management Inc. boosted its position in shares of Reynolds American by 2.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,569 shares of the company’s stock worth $102,000 after purchasing an additional 39 shares during the period. Glassman Wealth Services boosted its position in shares of Reynolds American by 0.8% in the second quarter. Glassman Wealth Services now owns 1,568 shares of the company’s stock worth $102,000 after purchasing an additional 12 shares during the period. Acrospire Investment Management LLC bought a new position in shares of Reynolds American in the second quarter worth approximately $103,000. Shine Investment Advisory Services Inc. bought a new position in shares of Reynolds American in the second quarter worth approximately $119,000. Finally, Motco boosted its position in shares of Reynolds American by 549.7% in the second quarter. Motco now owns 1,962 shares of the company’s stock worth $128,000 after purchasing an additional 1,660 shares during the period. Institutional investors and hedge funds own 46.34% of the company’s stock.

A number of equities analysts have weighed in on the stock. BidaskClub lowered shares of Reynolds American from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Jefferies Group LLC set a $60.00 price target on shares of Reynolds American and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, Cowen and Company reiterated a “hold” rating and issued a $65.00 price target on shares of Reynolds American in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $60.50.

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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)

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