CNH Partners LLC raised its holdings in Reynolds American, Inc. (NYSE:RAI) by 20.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,421,694 shares of the company’s stock after purchasing an additional 407,072 shares during the quarter. Reynolds American comprises approximately 1.7% of CNH Partners LLC’s portfolio, making the stock its 16th largest holding. CNH Partners LLC’s holdings in Reynolds American were worth $157,507,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. MIG Capital LLC increased its stake in Reynolds American by 25.9% in the second quarter. MIG Capital LLC now owns 4,578 shares of the company’s stock valued at $298,000 after purchasing an additional 941 shares during the period. Tyrus Capital S.A.M. acquired a new position in Reynolds American in the second quarter valued at $11,863,000. BlueCrest Capital Management Ltd acquired a new position in Reynolds American in the second quarter valued at $2,211,000. State Street Corp increased its stake in Reynolds American by 0.3% in the second quarter. State Street Corp now owns 33,252,559 shares of the company’s stock valued at $2,163,145,000 after purchasing an additional 109,293 shares during the period. Finally, Berkley W R Corp increased its stake in Reynolds American by 26.9% in the second quarter. Berkley W R Corp now owns 230,483 shares of the company’s stock valued at $14,991,000 after purchasing an additional 48,786 shares during the period. Institutional investors own 46.34% of the company’s stock.

Shares of Reynolds American, Inc. (RAI) traded down 2.23% on Friday, reaching $65.40. 159,452,032 shares of the company’s stock traded hands. The company 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.

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A number of research analysts have commented on RAI shares. BidaskClub lowered shares of Reynolds American from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Cowen and Company restated a “hold” rating and issued a $65.00 price objective on shares of Reynolds American in a research note on Tuesday, July 11th. Jefferies Group LLC set a $60.00 price target on shares of Reynolds American and gave the stock a “hold” rating in a research note on Monday, July 17th. 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 note on Monday, June 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock has an average 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.

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

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