Reynolds American, Inc. (RAI) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its position in shares of Reynolds American, Inc. (NYSE:RAI) by 97.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,831 shares of the company’s stock after selling 160,880 shares during the period. Envestnet Asset Management Inc.’s holdings in Reynolds American were worth $251,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Salem Investment Counselors Inc. increased its position in Reynolds American by 0.4% in the 2nd quarter. Salem Investment Counselors Inc. now owns 2,208 shares of the company’s stock valued at $144,000 after acquiring an additional 8 shares during the period. Glassman Wealth Services increased its position in Reynolds American by 0.8% during the 2nd quarter. Glassman Wealth Services now owns 1,568 shares of the company’s stock worth $102,000 after purchasing an additional 12 shares during the period. Jackson Grant Investment Advisers Inc. increased its position in Reynolds American by 0.6% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 4,280 shares of the company’s stock worth $278,000 after purchasing an additional 24 shares during the period. Altavista Wealth Management Inc. increased its position in Reynolds American by 0.6% during the 2nd quarter. Altavista Wealth Management Inc. now owns 4,214 shares of the company’s stock worth $274,000 after purchasing an additional 26 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in Reynolds American by 2.5% during the 2nd 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. Institutional investors and hedge funds own 46.34% of the company’s stock.

Reynolds American, Inc. (NYSE RAI) opened at $65.40 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.60 and a current ratio of 0.87. Reynolds American, Inc. has a 52-week low of $43.38 and a 52-week high of $67.81. The stock has a market capitalization of $93,290.00, a P/E ratio of 27.36 and a beta of 0.40.

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Reynolds American Company 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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