Sterling Investment Management LLC Has $944,000 Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Sterling Investment Management LLC reduced its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 6.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 25,812 shares of the company’s stock after selling 1,779 shares during the quarter. Sterling Investment Management LLC’s holdings in British American Tobacco were worth $944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of BTI. Natixis Advisors LLC raised its position in shares of British American Tobacco by 29.9% during the second quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company’s stock valued at $82,501,000 after buying an additional 614,634 shares during the last quarter. Kize Capital LP acquired a new position in British American Tobacco in the 2nd quarter valued at approximately $10,826,000. Gateway Investment Advisers LLC lifted its position in shares of British American Tobacco by 384.5% in the 2nd quarter. Gateway Investment Advisers LLC now owns 327,007 shares of the company’s stock worth $10,114,000 after acquiring an additional 259,509 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of British American Tobacco by 42.5% during the 1st quarter. First Eagle Investment Management LLC now owns 722,462 shares of the company’s stock worth $22,035,000 after purchasing an additional 215,305 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in shares of British American Tobacco during the second quarter valued at approximately $6,153,000. 21.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. StockNews.com cut British American Tobacco from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 11th. Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday. Finally, Morgan Stanley lowered shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target for the company. in a report on Thursday, October 3rd.

British American Tobacco Trading Down 2.5 %

NYSE:BTI opened at $34.50 on Monday. The business’s 50-day simple moving average is $36.90 and its 200-day simple moving average is $33.35. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $39.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The stock has a market capitalization of $76.63 billion, a PE ratio of 7.14 and a beta of 0.52.

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.