Reynolds American Inc (NYSE:RAI) Position Lowered by Honkamp Krueger Financial Services Inc.

Honkamp Krueger Financial Services Inc. cut its position in shares of Reynolds American Inc (NYSE:RAI) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,328 shares of the company’s stock after selling 62 shares during the period. Honkamp Krueger Financial Services Inc.’s holdings in Reynolds American were worth $1,907,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RAI. Great West Life Assurance Co. Can raised its position in Reynolds American by 70.6% in the second quarter. Great West Life Assurance Co. Can now owns 1,188,215 shares of the company’s stock worth $77,166,000 after buying an additional 491,732 shares during the period. Alpha Cubed Investments LLC bought a new position in Reynolds American during the second quarter worth approximately $380,000. Janney Montgomery Scott LLC increased its position in Reynolds American by 2.0% in the second quarter. Janney Montgomery Scott LLC now owns 73,132 shares of the company’s stock worth $4,757,000 after buying an additional 1,435 shares in the last quarter. Harbour Capital Advisors LLC increased its position in Reynolds American by 5,202.2% in the second quarter. Harbour Capital Advisors LLC now owns 19,512 shares of the company’s stock worth $300,000 after buying an additional 19,144 shares in the last quarter. Finally, First Merchants Corp increased its position in Reynolds American by 1.7% in the second quarter. First Merchants Corp now owns 6,100 shares of the company’s stock worth $397,000 after buying an additional 100 shares in the last quarter. Institutional investors own 46.34% of the company’s stock.

Shares of Reynolds American Inc (NYSE RAI) traded down 2.23% during mid-day trading on Friday, reaching $65.40. 159,452,032 shares of the company’s stock traded hands. Reynolds American Inc has a 1-year low of $43.38 and a 1-year high of $67.81. The firm has a 50-day moving average price of $65.27 and a 200-day moving average price of $63.85.

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A number of research analysts have recently commented on RAI shares. BidaskClub downgraded shares of Reynolds American from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Jefferies Group LLC set a $60.00 price objective on shares of Reynolds American and gave the company a “hold” rating in a research note on Monday, July 17th. Vetr raised shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $73.00 price objective for the company in a research note on Monday, June 12th. Cowen and Company reaffirmed a “hold” rating and set a $65.00 price objective on shares of Reynolds American in a research note on Tuesday, July 11th. Finally, Piper Jaffray Companies began coverage on shares of Reynolds American in a research note on Thursday, May 25th. They set a “neutral” rating and a $67.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Reynolds American presently has an average rating of “Hold” and a consensus 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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