Rhumbline Advisers increased its position in shares of Reynolds American Inc (NYSE:RAI) by 1.1% during the second quarter, Holdings Channel reports. The fund owned 1,362,576 shares of the company’s stock after buying an additional 14,794 shares during the period. Rhumbline Advisers’ holdings in Reynolds American were worth $88,622,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Arizona State Retirement System boosted its position in Reynolds American by 18.4% in the second quarter. Arizona State Retirement System now owns 342,921 shares of the company’s stock worth $22,304,000 after buying an additional 53,181 shares in the last quarter. Segantii Capital Management Ltd boosted its position in Reynolds American by 87.8% in the second quarter. Segantii Capital Management Ltd now owns 606,380 shares of the company’s stock worth $39,439,000 after buying an additional 283,529 shares in the last quarter. National Planning Corp boosted its position in Reynolds American by 11.6% in the second quarter. National Planning Corp now owns 48,876 shares of the company’s stock worth $3,167,000 after buying an additional 5,078 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Reynolds American by 4.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 3,838,394 shares of the company’s stock worth $249,650,000 after buying an additional 172,107 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Reynolds American by 44.7% in the second quarter. Canada Pension Plan Investment Board now owns 4,998,397 shares of the company’s stock worth $325,096,000 after buying an additional 1,544,800 shares in the last quarter. 46.34% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Reynolds American Inc (RAI) opened at 65.40 on Friday. The stock’s 50 day moving average price is $65.27 and its 200 day moving average price is $63.80. Reynolds American Inc has a one year low of $43.38 and a one year high of $67.81.

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A number of research analysts recently commented on RAI shares. BidaskClub cut Reynolds American from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Cowen and Company reissued a “hold” rating and issued a $65.00 price target on shares of Reynolds American in a report on Tuesday, July 11th. Zacks Investment Research cut Reynolds American from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Piper Jaffray Companies started coverage on Reynolds American in a report on Thursday, May 25th. They issued a “neutral” rating and a $67.00 price target on the stock. Finally, Jefferies Group LLC set a $60.00 price target on Reynolds American and gave the stock a “hold” rating in a report on Monday, July 17th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus 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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