Park Place Capital Corp Reduces Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Park Place Capital Corp lowered its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 18.7% during the first quarter, Holdings Channel reports. The firm owned 12,369 shares of the company’s stock after selling 2,845 shares during the quarter. Park Place Capital Corp’s holdings in British American Tobacco were worth $377,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in BTI. Heritage Wealth Advisors acquired a new position in shares of British American Tobacco during the fourth quarter worth about $26,000. Parkside Financial Bank & Trust boosted its stake in shares of British American Tobacco by 308.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 940 shares of the company’s stock worth $28,000 after acquiring an additional 710 shares in the last quarter. CoreFirst Bank & Trust increased its stake in British American Tobacco by 297.1% in the 3rd quarter. CoreFirst Bank & Trust now owns 945 shares of the company’s stock valued at $30,000 after purchasing an additional 707 shares in the last quarter. HBC Financial Services PLLC purchased a new position in shares of British American Tobacco in the fourth quarter valued at $29,000. Finally, Cape Investment Advisory Inc. increased its holdings in British American Tobacco by 92.7% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock valued at $31,000 after acquiring an additional 510 shares in the last quarter. Hedge funds and other institutional investors own 21.44% of the company’s stock.

British American Tobacco Stock Performance

Shares of NYSE BTI opened at $31.08 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.59 and a current ratio of 0.91. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $34.28. The firm’s 50 day moving average price is $30.71 and its 200 day moving average price is $30.17.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Monday, May 6th.

About British American Tobacco

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.