NGAM Advisors L.P. raised its stake in Reynolds American Inc (NYSE:RAI) by 3.4% during the second quarter, Holdings Channel reports. The fund owned 51,834 shares of the company’s stock after buying an additional 1,687 shares during the period. NGAM Advisors L.P.’s holdings in Reynolds American were worth $3,371,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its position in Reynolds American by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 51,300 shares of the company’s stock valued at $3,337,000 after buying an additional 500 shares during the last quarter. Waldron LP boosted its position in Reynolds American by 1.4% in the first quarter. Waldron LP now owns 21,417 shares of the company’s stock valued at $1,349,000 after buying an additional 294 shares during the last quarter. Capital Fund Management S.A. boosted its position in Reynolds American by 2,030.6% in the first quarter. Capital Fund Management S.A. now owns 46,063 shares of the company’s stock valued at $2,903,000 after buying an additional 43,901 shares during the last quarter. Pentwater Capital Management LP acquired a new position in Reynolds American during the first quarter valued at about $321,455,000. Finally, Jackson Grant Investment Advisers Inc. boosted its position in Reynolds American by 0.6% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 4,256 shares of the company’s stock valued at $268,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 46.34% of the company’s stock.

Reynolds American Inc (NYSE RAI) opened at 65.40 on Thursday. Reynolds American Inc has a 12 month low of $43.38 and a 12 month high of $67.81. The stock has a 50 day moving average price of $65.29 and a 200-day moving average price of $63.79.

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Several research analysts have issued reports on RAI shares. BidaskClub cut Reynolds American from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Jefferies Group LLC set a $60.00 price objective on Reynolds American and gave the stock a “hold” rating in a research report on Monday, July 17th. Vetr upgraded Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price objective for the company in a research report on Monday, June 12th. Cowen and Company reiterated a “hold” rating and issued a $65.00 price objective on shares of Reynolds American in a research report on Tuesday, July 11th. Finally, Piper Jaffray Companies started coverage on Reynolds American in a research report on Thursday, May 25th. They issued a “neutral” rating and a $67.00 price objective for the company. 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 given a strong buy rating to the company. The stock currently 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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