Risk Paradigm Group buys $281,483 stake in Reynolds American (RAI)

Reynolds American (RAI) : Risk Paradigm Group scooped up 204 additional shares in Reynolds American during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 5,306 shares of Reynolds American which is valued at $281,483.Reynolds American makes up approximately 0.22% of Risk Paradigm Group’s portfolio.

Other Hedge Funds, Including , London Co Of Virginia boosted its stake in RAI in the latest quarter, The investment management firm added 143,781 additional shares and now holds a total of 2,289,332 shares of Reynolds American which is valued at $121,449,063. Reynolds American makes up approx 0.89% of London Co Of Virginia’s portfolio.Thompson Davis reduced its stake in RAI by selling 4 shares or 0.13% in the most recent quarter. The Hedge Fund company now holds 3,186 shares of RAI which is valued at $175,357. Reynolds American makes up approx 0.32% of Thompson Davis’s portfolio.Great Lakes Advisors reduced its stake in RAI by selling 4,908 shares or 34.99% in the most recent quarter. The Hedge Fund company now holds 9,119 shares of RAI which is valued at $501,910. Reynolds American makes up approx 0.01% of Great Lakes Advisors’s portfolio.

Reynolds American opened for trading at $53.78 and hit $54.06 on the upside on Monday, eventually ending the session at $53.84, with a gain of 0.17% or 0.09 points. The heightened volatility saw the trading volume jump to 58,69,860 shares. Company has a market cap of $76,764 M.

On the company’s financial health, Reynolds American reported $0.61 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Oct 19, 2016. Analyst had a consensus of $0.64. The company had revenue of $3205.00 million for the quarter, compared to analysts expectations of $3307.98 million. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

Many Wall Street Analysts have commented on Reynolds American. Reynolds American was Downgraded by CLSA to ” Underperform” on Oct 24, 2016. Reynolds American was Upgraded by Berenberg to ” Buy” on Oct 21, 2016. Jefferies Initiated Reynolds American on Sep 21, 2016 to “Buy”, Price Target of the shares are set at $61.

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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