Halcyon Management Partners LP decreased its position in shares of Reynolds American, Inc. (NYSE:RAI) by 49.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 511,361 shares of the company’s stock after selling 492,566 shares during the quarter. Reynolds American comprises 7.7% of Halcyon Management Partners LP’s holdings, making the stock its 6th largest holding. Halcyon Management Partners LP’s holdings in Reynolds American were worth $33,259,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RAI. Oppenheimer Asset Management Inc. raised its position in shares of Reynolds American by 2.5% during the second 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 grew its position in Reynolds American by 0.8% in the 2nd quarter. Glassman Wealth Services now owns 1,568 shares of the company’s stock valued at $102,000 after purchasing an additional 12 shares during the period. Acrospire Investment Management LLC acquired a new stake in Reynolds American in the 2nd quarter valued at $103,000. Shine Investment Advisory Services Inc. acquired a new stake in Reynolds American in the 2nd quarter valued at $119,000. Finally, Motco grew its position in Reynolds American by 549.7% in the 2nd quarter. Motco now owns 1,962 shares of the company’s stock valued at $128,000 after purchasing an additional 1,660 shares during the period. Hedge funds and other institutional investors own 46.34% of the company’s stock.

RAI has been the subject of a number of recent research reports. Vetr upgraded shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price objective on the stock in a report on Monday, June 12th. Cowen and Company reaffirmed a “hold” rating and issued a $65.00 price objective on shares of Reynolds American in a research note on Tuesday, July 11th. BidaskClub lowered shares of Reynolds American from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Jefferies Group LLC set a $60.00 price objective on shares of Reynolds American and gave the company a “hold” rating in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $59.82.

Shares of Reynolds American, Inc. (NYSE RAI) traded down 2.23% during mid-day trading on Monday, hitting $65.40. 159,452,032 shares of the stock traded hands. Reynolds American, Inc. has a 1-year low of $43.38 and a 1-year high of $67.81. The company’s 50-day moving average price is $65.25 and its 200 day moving average price is $64.00.

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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.

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

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