Robeco Institutional Asset Management B.V. cut its stake in Reynolds American, Inc. (NYSE:RAI) by 19.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 292,669 shares of the company’s stock after selling 72,318 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Reynolds American were worth $19,036,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. purchased a new stake in Reynolds American during the second quarter worth $119,000. Parallel Advisors LLC raised its stake in Reynolds American by 21.2% in the first quarter. Parallel Advisors LLC now owns 3,065 shares of the company’s stock worth $198,000 after buying an additional 537 shares during the last quarter. Guardian Life Insurance Co. of America raised its stake in Reynolds American by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 3,190 shares of the company’s stock worth $201,000 after buying an additional 22 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Reynolds American during the first quarter worth $202,000. Finally, Family Management Corp purchased a new stake in Reynolds American during the first quarter worth $202,000. 46.34% of the stock is owned by institutional investors.

Reynolds American, Inc. (NYSE RAI) opened at 65.40 on Tuesday. Reynolds American, Inc. has a 1-year low of $43.38 and a 1-year high of $67.81. The firm’s 50-day moving average is $65.25 and its 200-day moving average is $64.00.

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RAI has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Reynolds American from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Cowen and Company reaffirmed a “hold” rating and set a $65.00 price target on shares of Reynolds American in a report on Tuesday, July 11th. Vetr raised shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price target for the company in a report on Monday, June 12th. Piper Jaffray Companies initiated coverage on shares of Reynolds American in a report on Thursday, May 25th. They set a “neutral” rating and a $67.00 price target for the company. Finally, BidaskClub lowered shares of Reynolds American from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Reynolds American currently has an average rating of “Hold” and an average 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.

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

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