Reynolds American, Inc. (RAI) Holdings Reduced by Canyon Capital Advisors LLC

Canyon Capital Advisors LLC trimmed its stake in shares of Reynolds American, Inc. (NYSE:RAI) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,118,513 shares of the company’s stock after selling 50,991 shares during the quarter. Reynolds American comprises approximately 3.4% of Canyon Capital Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Canyon Capital Advisors LLC’s holdings in Reynolds American were worth $202,828,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in RAI. TT International boosted its position in shares of Reynolds American by 22.7% in the second quarter. TT International now owns 135,000 shares of the company’s stock valued at $8,780,000 after acquiring an additional 25,000 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Reynolds American by 33.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,183,519 shares of the company’s stock valued at $207,056,000 after acquiring an additional 792,500 shares during the period. Caxton Associates LP bought a new stake in shares of Reynolds American in the second quarter valued at about $859,000. CNH Partners LLC boosted its position in shares of Reynolds American by 20.2% in the second quarter. CNH Partners LLC now owns 2,421,694 shares of the company’s stock valued at $157,507,000 after acquiring an additional 407,072 shares during the period. Finally, MIG Capital LLC boosted its position in shares of Reynolds American by 25.9% in the second quarter. MIG Capital LLC now owns 4,578 shares of the company’s stock valued at $298,000 after acquiring an additional 941 shares during the period. 46.34% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on RAI shares. BidaskClub cut shares of Reynolds American from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Jefferies Group LLC set a $60.00 target price on shares of Reynolds American and gave the company a “hold” rating in a research report on Friday, August 25th. Cowen and Company reissued a “hold” rating and issued a $65.00 target price on shares of Reynolds American in a research report on Tuesday, July 11th. Finally, Vetr raised shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 target price for the company in a research report on Monday, June 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $59.82.

Reynolds American, Inc. (RAI) traded down 2.23% on Friday, reaching $65.40. The company had a trading volume of 159,452,032 shares. The stock’s 50-day moving average price is $65.25 and its 200-day moving average price is $64.00. Reynolds American, Inc. has a 12-month low of $43.38 and a 12-month high of $67.81.

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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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