Reynolds American Inc (NYSE:RAI) Shares Bought by Arizona State Retirement System

Arizona State Retirement System raised its position in shares of Reynolds American Inc (NYSE:RAI) by 18.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 342,921 shares of the company’s stock after buying an additional 53,181 shares during the period. Arizona State Retirement System’s holdings in Reynolds American were worth $22,304,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Trust Department MB Financial Bank N A increased its stake in shares of Reynolds American by 0.5% in the first quarter. Trust Department MB Financial Bank N A now owns 14,475 shares of the company’s stock worth $912,000 after buying an additional 77 shares during the period. Quantitative Systematic Strategies LLC increased its stake in shares of Reynolds American by 48.8% in the first quarter. Quantitative Systematic Strategies LLC now owns 30,184 shares of the company’s stock worth $1,902,000 after buying an additional 9,895 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Reynolds American by 0.5% in the first quarter. Nisa Investment Advisors LLC now owns 331,419 shares of the company’s stock worth $20,884,000 after buying an additional 1,665 shares during the period. Arbor Investment Advisors LLC increased its stake in shares of Reynolds American by 0.4% in the first quarter. Arbor Investment Advisors LLC now owns 91,793 shares of the company’s stock worth $5,785,000 after buying an additional 382 shares during the period. Finally, Washington Trust Bank increased its stake in shares of Reynolds American by 8.8% in the first quarter. Washington Trust Bank now owns 4,350 shares of the company’s stock worth $274,000 after buying an additional 350 shares during the period. Hedge funds and other institutional investors own 46.34% of the company’s stock.

Shares of Reynolds American Inc (NYSE:RAI) opened at 65.40 on Friday. Reynolds American Inc has a 52-week low of $43.38 and a 52-week high of $67.81. The company has a 50-day moving average price of $65.27 and a 200-day moving average price of $63.80.

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A number of analysts have recently issued reports on the company. Piper Jaffray Companies assumed coverage on Reynolds American in a research report on Thursday, May 25th. They set a “neutral” rating and a $67.00 price target for the company. BidaskClub downgraded Reynolds American from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Jefferies Group LLC set a $60.00 price target on Reynolds American and gave the company 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 target for the company in a research report on Monday, June 12th. Finally, Zacks Investment Research downgraded Reynolds American from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company 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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