Kathmere Capital Management LLC Reduces Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Kathmere Capital Management LLC cut its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 47.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,994 shares of the company’s stock after selling 8,037 shares during the period. Kathmere Capital Management LLC’s holdings in British American Tobacco were worth $263,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BTI. GAMMA Investing LLC raised its holdings in shares of British American Tobacco by 79.3% in the 1st quarter. GAMMA Investing LLC now owns 2,085 shares of the company’s stock valued at $64,000 after purchasing an additional 922 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of British American Tobacco in the 1st quarter valued at $732,000. Clarius Group LLC boosted its holdings in shares of British American Tobacco by 40.3% in the 4th quarter. Clarius Group LLC now owns 13,066 shares of the company’s stock valued at $383,000 after acquiring an additional 3,752 shares during the last quarter. 1832 Asset Management L.P. boosted its holdings in shares of British American Tobacco by 4.2% in the 1st quarter. 1832 Asset Management L.P. now owns 8,969 shares of the company’s stock valued at $274,000 after acquiring an additional 363 shares during the last quarter. Finally, CWM LLC boosted its holdings in British American Tobacco by 8.5% during the first quarter. CWM LLC now owns 15,889 shares of the company’s stock worth $485,000 after buying an additional 1,244 shares in the last quarter. 21.44% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Price Performance

BTI stock traded up $0.55 during mid-day trading on Friday, hitting $36.45. 7,872,081 shares of the company were exchanged, compared to its average volume of 5,279,556. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $32.14 and a 200-day simple moving average of $30.77. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $36.45.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of British American Tobacco from a “buy” rating to a “strong-buy” rating in a research report on Saturday.

British American Tobacco Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.