GSA Capital Partners LLP acquired a new position in Reynolds American, Inc. (NYSE:RAI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,359 shares of the company’s stock, valued at approximately $674,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. raised its stake 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 buying an additional 39 shares during the period. Glassman Wealth Services raised its stake 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 buying 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 about $103,000. Shine Investment Advisory Services Inc. bought a new position in shares of Reynolds American in the second quarter worth about $119,000. Finally, Motco raised its stake 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 buying an additional 1,660 shares during the period. 46.34% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Reynolds American, Inc. (NYSE RAI) opened at 65.40 on Friday. 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 1-year low of $43.38 and a 1-year high of $67.81.

Several analysts recently issued reports on the company. BidaskClub downgraded Reynolds American from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Jefferies Group LLC set a $60.00 target price on Reynolds American and gave the company a “hold” rating in a research note on Friday, August 25th. Vetr raised Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 target price on the stock in a research note on Monday, June 12th. Finally, Cowen and Company reissued a “hold” rating and set a $65.00 target price on shares of Reynolds American in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $59.82.

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Reynolds American Company 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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