Paulson & CO. Inc. Has $15.40 Million Holdings in Reynolds American, Inc. (RAI)

Paulson & CO. Inc. raised its position in shares of Reynolds American, Inc. (NYSE:RAI) by 87.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 236,787 shares of the company’s stock after buying an additional 110,787 shares during the period. Paulson & CO. Inc.’s holdings in Reynolds American were worth $15,401,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. boosted its position in Reynolds American by 2.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,569 shares of the company’s stock valued at $102,000 after buying an additional 39 shares during the period. Glassman Wealth Services boosted its position in Reynolds American by 0.8% during the 2nd quarter. Glassman Wealth Services now owns 1,568 shares of the company’s stock valued at $102,000 after buying an additional 12 shares during the period. Acrospire Investment Management LLC purchased a new stake in Reynolds American during the 2nd quarter valued at $103,000. Shine Investment Advisory Services Inc. purchased a new stake in Reynolds American during the 2nd quarter valued at $119,000. Finally, Motco boosted its position in Reynolds American by 549.7% during the 2nd quarter. Motco now owns 1,962 shares of the company’s stock valued at $128,000 after buying an additional 1,660 shares during the period. 46.34% of the stock is owned by institutional investors and hedge funds.

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Several equities research analysts have weighed in on the stock. Jefferies Group LLC set a $60.00 price target on shares of Reynolds American and gave the company a “hold” rating in a research report on Friday, August 25th. BidaskClub cut shares of Reynolds American from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $65.00 target price on shares of Reynolds American in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Reynolds American presently has a consensus rating of “Hold” and a consensus target price of $60.50.

About Reynolds American

Reynolds American Inc (RAI) is a holding compan

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. boosted its position in Reynolds American by 2.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,569 shares of the company’s stock valued at $102,000 after buying an additional 39 shares during the period. Glassman Wealth Services boosted its position in Reynolds American by 0.8% during the 2nd quarter. Glassman Wealth Services now owns 1,568 shares of the company’s stock valued at $102,000 after buying an additional 12 shares during the period. Acrospire Investment Management LLC purchased a new stake in Reynolds American during the 2nd quarter valued at $103,000. Shine Investment Advisory Services Inc. purchased a new stake in Reynolds American during the 2nd quarter valued at $119,000. Finally, Motco boosted its position in Reynolds American by 549.7% during the 2nd quarter. Motco now owns 1,962 shares of the company’s stock valued at $128,000 after buying an additional 1,660 shares during the period. 46.34% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This piece was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/17/paulson-co-inc-has-15-40-million-holdings-in-reynolds-american-inc-rai.html.

Several equities research analysts have weighed in on the stock. Jefferies Group LLC set a $60.00 price target on shares of Reynolds American and gave the company a “hold” rating in a research report on Friday, August 25th. BidaskClub cut shares of Reynolds American from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $65.00 target price on shares of Reynolds American in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Reynolds American presently has a consensus rating of “Hold” and a consensus target price of $60.50.

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.

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Institutional Ownership by Quarter for Reynolds American (NYSE:RAI)

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