Davidson Kempner Capital Management LP raised its position in Reynolds American, Inc. (NYSE:RAI) by 3.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,463,662 shares of the company’s stock after purchasing an additional 625,531 shares during the quarter. Reynolds American comprises approximately 24.7% of Davidson Kempner Capital Management LP’s investment portfolio, making the stock its biggest holding. Davidson Kempner Capital Management LP’s holdings in Reynolds American were worth $1,070,797,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in RAI. Oppenheimer Asset Management Inc. boosted its holdings in shares of Reynolds American by 2.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,569 shares of the company’s stock valued at $102,000 after acquiring an additional 39 shares in the last quarter. Glassman Wealth Services boosted its holdings in shares of Reynolds American by 0.8% in the second quarter. Glassman Wealth Services now owns 1,568 shares of the company’s stock valued at $102,000 after acquiring an additional 12 shares in the last quarter. Acrospire Investment Management LLC bought a new position in shares of Reynolds American in the second quarter valued at approximately $103,000. Shine Investment Advisory Services Inc. bought a new position in shares of Reynolds American in the second quarter valued at approximately $119,000. Finally, Motco boosted its holdings in shares of Reynolds American by 549.7% in the second quarter. Motco now owns 1,962 shares of the company’s stock valued at $128,000 after acquiring an additional 1,660 shares in the last quarter. Institutional investors own 46.34% of the company’s stock.

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RAI has been the subject of several recent analyst reports. Cowen and Company reiterated a “hold” rating and issued a $65.00 price objective on shares of Reynolds American in a report on Tuesday, July 11th. BidaskClub cut shares of Reynolds American from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Jefferies Group LLC set a $60.00 price objective on shares of Reynolds American and gave the company a “hold” rating in a report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Reynolds American currently has a consensus rating of “Hold” and a consensus target price of $60.50.

Reynolds American Profile

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.

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

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