As Reynolds American INC (RAI) Stock Rose, Hsbc Holdings Plc Has Upped Stake by $281.32 Million

October 6, 2017 - By Peter Erickson

Investors sentiment increased to 0.93 in 2017 Q2. Its up 0.01, from 0.92 in 2017Q1. It is positive, as 45 investors sold RAI shares while 262 reduced holdings. 69 funds opened positions while 216 raised stakes. 659.45 million shares or 3.31% more from 638.31 million shares in 2017Q1 were reported. Brown Advisory accumulated 0.02% or 120,204 shares. British Columbia Investment Mgmt accumulated 395,524 shares. Botty Investors Ltd Company holds 0.62% of its portfolio in Reynolds American, Inc. (NYSE:RAI) for 29,771 shares. First Citizens Natl Bank And Communications has 41,697 shares for 0.35% of their portfolio. Asset Management Inc owns 74,996 shares or 0.17% of their US portfolio. State Of Wisconsin Investment Board has invested 0.25% in Reynolds American, Inc. (NYSE:RAI). 4,482 were reported by American National Bank. Cornerstone Cap Llc accumulated 166,303 shares. Illinois-based Css Ltd Liability Il has invested 0.58% in Reynolds American, Inc. (NYSE:RAI). Macnealy Hoover Investment Management Inc has invested 0.4% in Reynolds American, Inc. (NYSE:RAI). Old National Bank & Trust In holds 0.01% or 3,639 shares. The New York-based Renaissance Techs Ltd Co has invested 0.31% in Reynolds American, Inc. (NYSE:RAI). Dimensional Fund Advsrs Limited Partnership reported 2.08 million shares. Brown Brothers Harriman owns 144,009 shares. Highstreet Asset Mgmt holds 20,245 shares.

Hsbc Holdings Plc increased its stake in Reynolds American Inc (RAI) by 5770.73% based on its latest 2017Q2 regulatory filing with the SEC. Hsbc Holdings Plc bought 4.33 million shares as the company’s stock rose 9.25% with the market. The institutional investor held 4.40M shares of the farming and seeds and milling company at the end of 2017Q2, valued at $286.38 million, up from 75,000 at the end of the previous reported quarter. Hsbc Holdings Plc who had been investing in Reynolds American Inc for a number of months, seems to be bullish on the $93.29 billion market cap company. It is 0.00% or $0 reaching $0 per share. It is down 33.47% since October 6, 2016 and is uptrending. It has outperformed by 16.77% the S&P500.

Hsbc Holdings Plc, which manages about $54.38 billion US Long portfolio, decreased its stake in Select Sector Spdr Tr (Put) (XLF) by 214,400 shares to 866,400 shares, valued at $21.37M in 2017Q2, according to the filing. It also reduced its holding in Aflac Inc (Call) (NYSE:AFL) by 455,140 shares in the quarter, leaving it with 800 shares, and cut its stake in Ishares Tr (ICF).

More recent Reynolds American, Inc. (NYSE:RAI) news were published by: Prnewswire.com which released: “Advisory: Reynolds American Inc. named a top category winner in Achievers 50 …” on September 26, 2017. Also Journalnow.com published the news titled: “Farmworker labor group votes to boycott Vuse” on September 10, 2017. Crainscleveland.com‘s news article titled: “Deep South, Midwest seen as key to cutting US smoking rate” with publication date: October 05, 2017 was also an interesting one.

Reynolds American, Inc. (NYSE:RAI) Ratings Coverage

Among 17 analysts covering Reynolds American Inc. (NYSE:RAI), 5 have Buy rating, 2 Sell and 10 Hold. Therefore 29% are positive. Reynolds American Inc. had 36 analyst reports since July 29, 2015 according to SRatingsIntel. As per Friday, February 17, the company rating was downgraded by Jefferies. The stock has “Buy” rating by Zacks on Thursday, September 17. S&P Research upgraded the stock to “Strong Buy” rating in Wednesday, July 29 report. On Friday, August 21 the stock rating was downgraded by Zacks to “Buy”. Jefferies maintained the stock with “Hold” rating in Monday, June 5 report. The rating was initiated by Jefferies on Wednesday, September 21 with “Buy”. Goldman Sachs downgraded Reynolds American, Inc. (NYSE:RAI) rating on Wednesday, March 16. Goldman Sachs has “Buy” rating and $54 target. Cowen & Co downgraded the stock to “Market Perform” rating in Friday, February 10 report. Zacks downgraded Reynolds American, Inc. (NYSE:RAI) on Friday, August 14 to “Buy” rating. As per Thursday, August 25, the company rating was initiated by UBS.

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