Laurion Capital Management LP lessened its position in shares of Reynolds American, Inc. (NYSE:RAI) by 62.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,000 shares of the company’s stock after selling 19,900 shares during the period. Laurion Capital Management LP’s holdings in Reynolds American were worth $780,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. BT Investment Management Ltd purchased a new stake in Reynolds American during the second quarter valued at about $4,302,000. Amalgamated Bank grew its position in Reynolds American by 58.8% during the second quarter. Amalgamated Bank now owns 94,076 shares of the company’s stock valued at $6,119,000 after acquiring an additional 34,816 shares during the period. BlackRock Inc. grew its position in Reynolds American by 10.1% during the second quarter. BlackRock Inc. now owns 50,862,470 shares of the company’s stock valued at $3,308,096,000 after acquiring an additional 4,658,748 shares during the period. Norinchukin Bank The grew its position in Reynolds American by 6.9% during the second quarter. Norinchukin Bank The now owns 57,425 shares of the company’s stock valued at $3,735,000 after acquiring an additional 3,683 shares during the period. Finally, Teachers Advisors LLC grew its position in Reynolds American by 3.4% during the second quarter. Teachers Advisors LLC now owns 1,281,824 shares of the company’s stock valued at $83,370,000 after acquiring an additional 41,793 shares during the period. 46.34% of the stock is owned by hedge funds and other institutional investors.

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RAI has been the subject of a number of research reports. BidaskClub downgraded Reynolds American from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Vetr raised Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price target for the company in a research report on Monday, June 12th. Cowen and Company reissued a “hold” rating and set a $65.00 price target on shares of Reynolds American in a research report on Tuesday, July 11th. Finally, Jefferies Group LLC set a $60.00 price target on Reynolds American and gave the company a “hold” rating in a research report on Monday, July 17th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Reynolds American currently has an average rating of “Hold” and an average target price of $59.82.

Reynolds American, Inc. (NYSE:RAI) opened at 65.40 on Tuesday. The firm’s 50 day moving average price is $65.25 and its 200-day moving average price is $64.00. Reynolds American, Inc. has a 52 week low of $43.38 and a 52 week high of $67.81.

Reynolds American 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.

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

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