Reynolds American (RAI) : Lvm Capital Management Ltdmi reduced its stake in Reynolds American by 15.53% during the most recent quarter end. The investment management company now holds a total of 9,396 shares of Reynolds American which is valued at $475,438 after selling 1,728 shares in Reynolds American according to a report filed by the company on Apr 4, 2016 with the SEC.Reynolds American makes up approximately 0.15% of Lvm Capital Management Ltdmi’s portfolio.
Other Hedge Funds, Including , Beacon Financial Group added RAI to its portfolio by purchasing 7,914 company shares during the most recent quarter which is valued at $398,312. Reynolds American makes up approx 0.09% of Beacon Financial Group’s portfolio.
On the company’s financial health, Reynolds American reported $0.48 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Feb 11, 2016. Analyst had a consensus of $0.50. The company had revenue of $3054.00 million for the quarter, compared to analysts expectations of $3043.47 million. The company’s revenue was up 43.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS.
Many Wall Street Analysts have commented on Reynolds American. Company shares were Reiterated by RBC Capital Mkts on Mar 10, 2016 to “Outperform”, Firm has raised the Price Target to $ 57 from a previous price target of $53 .
Reynolds American closed down -0.34 points or -0.67% at $50.6 with 36,15,694 shares getting traded on Monday. Post opening the session at $51.19, the shares hit an intraday low of $50.46 and an intraday high of $51.37 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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 Companys 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.