British American Tobacco p.l.c. (NYSE:BTI) Stake Cut by Sanctuary Advisors LLC

Sanctuary Advisors LLC lessened its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 17.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 87,447 shares of the company’s stock after selling 18,716 shares during the period. Sanctuary Advisors LLC’s holdings in British American Tobacco were worth $3,269,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. FMR LLC increased its stake in British American Tobacco by 67.7% in the 3rd quarter. FMR LLC now owns 7,105,356 shares of the company’s stock valued at $259,914,000 after buying an additional 2,868,675 shares during the period. Natixis Advisors LLC increased its stake in shares of British American Tobacco by 7.7% in the third quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company’s stock worth $105,111,000 after acquiring an additional 206,117 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in shares of British American Tobacco by 7.9% during the second quarter. First Eagle Investment Management LLC now owns 779,478 shares of the company’s stock worth $24,109,000 after acquiring an additional 57,016 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in British American Tobacco in the third quarter valued at about $28,183,000. Finally, Bridgewater Associates LP acquired a new position in British American Tobacco in the 3rd quarter worth about $27,118,000. 16.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BTI has been the subject of several research reports. StockNews.com lowered British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Morgan Stanley downgraded shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target on the stock. in a report on Thursday, October 3rd.

British American Tobacco Trading Down 0.0 %

Shares of NYSE:BTI opened at $37.64 on Tuesday. The stock’s 50-day moving average is $36.13 and its 200-day moving average is $35.18. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $39.54. The company has a market cap of $78.26 billion, a P/E ratio of 7.86 and a beta of 0.53. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88.

British American Tobacco Company 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.