Usa Mutuals Advisors Lowers stake in Reynolds American (RAI)

Reynolds American (RAI) : Usa Mutuals Advisors reduced its stake in Reynolds American by 13.46% during the most recent quarter end. The investment management company now holds a total of 225,000 shares of Reynolds American which is valued at $11,385,000 after selling 35,000 shares in Reynolds American , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Reynolds American makes up approximately 6.19% of Usa Mutuals Advisors’s portfolio.

Other Hedge Funds, Including , Pioneer Investment Management Inc boosted its stake in RAI in the latest quarter, The investment management firm added 410,327 additional shares and now holds a total of 6,402,122 shares of Reynolds American which is valued at $323,947,373. Reynolds American makes up approx 1.15% of Pioneer Investment Management Inc’s portfolio.Geneva Advisors boosted its stake in RAI in the latest quarter, The investment management firm added 389,457 additional shares and now holds a total of 397,230 shares of Reynolds American which is valued at $19,901,223. Reynolds American makes up approx 0.38% of Geneva Advisors’s portfolio.Genovese Burford Brothers Wealth Retirement Plan Mana… boosted its stake in RAI in the latest quarter, The investment management firm added 8,000 additional shares and now holds a total of 8,644 shares of Reynolds American which is valued at $433,064. Reynolds American makes up approx 0.17% of Genovese Burford Brothers Wealth Retirement Plan Mana…’s portfolio.Strs Ohio boosted its stake in RAI in the latest quarter, The investment management firm added 280 additional shares and now holds a total of 1,777,266 shares of Reynolds American which is valued at $88,685,573. Reynolds American makes up approx 0.38% of Strs Ohio’s portfolio.

Reynolds American opened for trading at $50 and hit $50.049 on the upside on Monday, eventually ending the session at $50.02, with a gain of 0.30% or 0.15 points. The heightened volatility saw the trading volume jump to 29,84,158 shares. Company has a market cap of $71,396 M.

On the company’s financial health, Reynolds American reported $0.58 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus of $0.61. The company had revenue of $3195.00 million for the quarter, compared to analysts expectations of $3259.13 million. The company’s revenue was up 33.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 EPS.

Many Wall Street Analysts have commented on Reynolds American. UBS Initiated Reynolds American on Aug 25, 2016 to “Neutral”, Price Target of the shares are set at $52.Reynolds American was Upgraded by CLSA to ” Outperform” on Aug 8, 2016. Berenberg Initiated Reynolds American on Jun 14, 2016 to “Hold”, Price Target of the shares are set at $54.

Reynolds American Inc. (RAI) is a holding company. The Company operates through three segments: RJR Tobacco American Snuff and Santa Fe. The RJR Tobacco segment consists principally of the primary operations of R. J. Reynolds Tobacco Company. The American Snuff segment consists of the primary operations of American Snuff Co. The Santa Fe segment consists of the domestic operations of Santa Fe Natural Tobacco Company Inc. (SFNTC). The Company’s wholly owned subsidiaries include R. J. Reynolds Tobacco Company American Snuff Company LLC (American Snuff Co.) Lorillard Inc. Santa Fe Natural Tobacco Company Inc. (SFNTC) R. J. Reynolds Vapor Company (RJR Vapor) Niconovum USA Inc. and Niconovum AB.

Leave a Reply

Reynolds American - Is it time to Sell?

Top Brokerage Firms are advising their investors on Reynolds American. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.