Reynolds American Inc (NYSE:RAI) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its position in shares of Reynolds American Inc (NYSE:RAI) by 9.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,582 shares of the company’s stock after selling 9,300 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Reynolds American were worth $5,898,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of RAI. Quadrant Capital Group LLC increased its stake in shares of Reynolds American by 7.0% in the first quarter. Quadrant Capital Group LLC now owns 2,999 shares of the company’s stock worth $182,000 after buying an additional 195 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of 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. Baystate Wealth Management LLC increased its stake in shares of Reynolds American by 1.7% in the first quarter. Baystate Wealth Management LLC now owns 3,075 shares of the company’s stock worth $197,000 after buying an additional 50 shares during the last quarter. Guardian Life Insurance Co. of America increased its stake in shares of 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. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Reynolds American during the first quarter worth $202,000. 46.34% of the stock is currently owned by institutional investors.

Shares of Reynolds American Inc (NYSE:RAI) traded down 2.23% on Friday, hitting $65.40. The stock had a trading volume of 159,452,032 shares. Reynolds American Inc has a 52-week low of $43.38 and a 52-week high of $67.81. The firm’s 50-day moving average price is $65.27 and its 200 day moving average price is $63.80.

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A number of research firms have commented on RAI. Jefferies Group LLC set a $60.00 price target on Reynolds American and gave the company a “hold” rating in a research note on Monday, July 17th. BidaskClub cut Reynolds American from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Cowen and Company reiterated a “hold” rating and issued a $65.00 price target on shares of Reynolds American in a research note on Tuesday, July 11th. Piper Jaffray Companies began coverage on Reynolds American in a research note on Thursday, May 25th. They issued a “neutral” rating and a $67.00 price target for the company. Finally, 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 note on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average 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.

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

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