Caxton Associates LP Acquires Shares of 13,200 Reynolds American, Inc. (RAI)

Caxton Associates LP acquired a new position in shares of Reynolds American, Inc. (NYSE:RAI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 13,200 shares of the company’s stock, valued at approximately $859,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Reynolds American by 3,610.0% in the 1st quarter. BlackRock Inc. now owns 46,203,722 shares of the company’s stock valued at $2,911,755,000 after acquiring an additional 44,958,351 shares during the period. UBS Oconnor LLC acquired a new stake in shares of Reynolds American in the 2nd quarter worth $376,796,000. Renaissance Technologies LLC boosted its position in shares of Reynolds American by 48,701.2% in the 1st quarter. Renaissance Technologies LLC now owns 5,514,535 shares of the company’s stock worth $347,526,000 after purchasing an additional 5,503,235 shares in the last quarter. Pentwater Capital Management LP acquired a new stake in shares of Reynolds American in the 1st quarter worth $321,455,000. Finally, Janus Henderson Group PLC boosted its position in shares of Reynolds American by 479.2% in the 2nd quarter. Janus Henderson Group PLC now owns 5,345,317 shares of the company’s stock worth $347,656,000 after purchasing an additional 4,422,508 shares in the last quarter. Institutional investors own 46.34% of the company’s stock.

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A number of analysts have recently weighed in on RAI shares. BidaskClub cut Reynolds American from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Cowen and Company reaffirmed a “hold” rating and set a $65.00 price target on shares of Reynolds American in a research report on Tuesday, July 11th. Finally, Jefferies Group LLC set a $60.00 price target on Reynolds American and gave the stock a “hold” rating in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Reynolds American has an average rating of “Hold” and an average 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.

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

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