Regis Management Co Lowers stake in Reynolds American (RAI)

Reynolds American (RAI) : Regis Management Co reduced its stake in Reynolds American by 2.02% during the most recent quarter end. The investment management company now holds a total of 13,940 shares of Reynolds American which is valued at $687,939 after selling 288 shares in Reynolds American , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Reynolds American makes up approximately 0.14% of Regis Management Co’s portfolio.

Other Hedge Funds, Including , Great West Life Assurance Co Can boosted its stake in RAI in the latest quarter, The investment management firm added 106,123 additional shares and now holds a total of 737,438 shares of Reynolds American which is valued at $36,392,565. Reynolds American makes up approx 0.11% of Great West Life Assurance Co Can’s portfolio.Fort Pitt Capital Group reduced its stake in RAI by selling 556 shares or 7.41% in the most recent quarter. The Hedge Fund company now holds 6,948 shares of RAI which is valued at $342,884. Reynolds American makes up approx 0.04% of Fort Pitt Capital Group’s portfolio.Wespac Advisors boosted its stake in RAI in the latest quarter, The investment management firm added 2,298 additional shares and now holds a total of 15,614 shares of Reynolds American which is valued at $779,139. Reynolds American makes up approx 0.79% of Wespac Advisors’s portfolio.Gateway Investment Advisers reduced its stake in RAI by selling 1,060 shares or 0.16% in the most recent quarter. The Hedge Fund company now holds 643,836 shares of RAI which is valued at $33,730,568. Reynolds American makes up approx 0.28% of Gateway Investment Advisers’s portfolio.

Reynolds American opened for trading at $49.39 and hit $49.51 on the upside on Monday, eventually ending the session at $49.18, with a gain of 0.53% or 0.26 points. The heightened volatility saw the trading volume jump to 35,40,707 shares. Company has a market cap of $70,197 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. 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.

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