Vontobel Asset Management Inc buys $290,469,916 stake in Reynolds American (RAI)

Reynolds American (RAI) : Vontobel Asset Management Inc scooped up 291,126 additional shares in Reynolds American during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 6,072,965 shares of Reynolds American which is valued at $290,469,916.Reynolds American makes up approximately 2.28% of Vontobel Asset Management Inc’s portfolio.

Reynolds American opened for trading at $47.39 and hit $47.85 on the upside on Friday, eventually ending the session at $47.83, with a gain of 0.53% or 0.25 points. The heightened volatility saw the trading volume jump to 66,81,651 shares. Company has a market cap of $68,270 M.

Other Hedge Funds, Including , Arbor Investment Advisors boosted its stake in RAI in the latest quarter, The investment management firm added 9,961 additional shares and now holds a total of 101,444 shares of Reynolds American which is valued at $4,852,067. Reynolds American makes up approx 2.85% of Arbor Investment Advisors’s portfolio.Wagner Bowman Management Corp boosted its stake in RAI in the latest quarter, The investment management firm added 99 additional shares and now holds a total of 10,859 shares of Reynolds American which is valued at $529,268. Reynolds American makes up approx 0.21% of Wagner Bowman Management Corp’s portfolio.Waverton Investment Management Ltd boosted its stake in RAI in the latest quarter, The investment management firm added 8,633 additional shares and now holds a total of 1,158,720 shares of Reynolds American which is valued at $58,631,232. Reynolds American makes up approx 4.46% of Waverton Investment Management Ltd’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 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.

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