British American Tobacco (NYSE:BTI) Stock Price Down 2.3%

British American Tobacco p.l.c. (NYSE:BTI) shares were down 2.3% during trading on Tuesday . The stock traded as low as $38.43 and last traded at $38.44. Approximately 877,913 shares changed hands during trading, a decline of 82% from the average daily volume of 4,826,324 shares. The stock had previously closed at $39.36.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded British American Tobacco from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 11th.

British American Tobacco Trading Down 0.4 %

The stock has a 50-day moving average of $36.08 and a 200 day moving average of $32.42. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.

Hedge Funds Weigh In On British American Tobacco

Several hedge funds have recently bought and sold shares of the company. Heritage Wealth Advisors acquired a new stake in shares of British American Tobacco during the 4th quarter worth approximately $26,000. Larson Financial Group LLC lifted its stake in British American Tobacco by 153.7% during the first quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock worth $31,000 after purchasing an additional 610 shares during the last quarter. Cape Investment Advisory Inc. boosted its holdings in shares of British American Tobacco by 92.7% in the 4th quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock valued at $31,000 after purchasing an additional 510 shares in the last quarter. Mather Group LLC. increased its stake in shares of British American Tobacco by 4,526.9% in the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock valued at $37,000 after purchasing an additional 1,177 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of British American Tobacco by 83.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,206 shares of the company’s stock worth $35,000 after buying an additional 550 shares in the last quarter. 21.44% of the stock is owned by institutional investors.

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.