Mason Capital Management LLC lifted its holdings in shares of Reynolds American, Inc. (NYSE:RAI) by 9.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,484,886 shares of the company’s stock after purchasing an additional 308,000 shares during the period. Reynolds American comprises approximately 14.8% of Mason Capital Management LLC’s investment portfolio, making the stock its 2nd largest holding. Mason Capital Management LLC’s holdings in Reynolds American were worth $226,692,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RAI. Oppenheimer Asset Management Inc. raised its stake in shares of Reynolds American by 2.5% during the 2nd 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 raised its stake in shares of Reynolds American by 0.8% during the 2nd 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 stake in shares of Reynolds American during the 2nd quarter worth $103,000. Shine Investment Advisory Services Inc. bought a new stake in shares of Reynolds American during the 2nd quarter worth $119,000. Finally, Motco raised its stake in shares of Reynolds American by 549.7% during the 2nd 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 own 46.34% of the company’s stock.

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Shares of Reynolds American, Inc. (NYSE:RAI) traded down 2.23% during midday trading on Friday, reaching $65.40. The company had a trading volume of 159,452,032 shares. Reynolds American, Inc. has a 12-month low of $43.38 and a 12-month high of $67.81. The company has a 50 day moving average of $65.25 and a 200 day moving average of $64.00.

RAI has been the topic of a number of recent analyst reports. BidaskClub cut 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 objective on Reynolds American and gave the company a “hold” rating in a research note on Monday, July 17th. Finally, Vetr upgraded Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price objective on the stock in a research note on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Reynolds American presently has an average rating of “Hold” and a consensus price target 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)

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