British American Tobacco p.l.c. (NYSE:BTI) Stock Holdings Lessened by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC cut its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 3.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,332 shares of the company’s stock after selling 720 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in British American Tobacco were worth $660,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Atria Investments Inc raised its holdings in shares of British American Tobacco by 19.5% during the first quarter. Atria Investments Inc now owns 74,416 shares of the company’s stock worth $2,270,000 after acquiring an additional 12,150 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of British American Tobacco by 79.3% during the 1st quarter. GAMMA Investing LLC now owns 2,085 shares of the company’s stock valued at $64,000 after buying an additional 922 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of British American Tobacco by 131.8% in the 1st quarter. Russell Investments Group Ltd. now owns 2,796 shares of the company’s stock valued at $85,000 after buying an additional 1,590 shares in the last quarter. ORG Partners LLC acquired a new position in British American Tobacco in the first quarter worth approximately $732,000. Finally, 1832 Asset Management L.P. raised its position in British American Tobacco by 4.2% during the first 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 in the last quarter. Institutional investors and hedge funds own 21.44% of the company’s stock.

Analyst Upgrades and Downgrades

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

British American Tobacco Price Performance

Shares of NYSE:BTI opened at $37.90 on Tuesday. The stock has a market capitalization of $84.17 billion, a P/E ratio of 7.83, a P/E/G ratio of 2.04 and a beta of 0.52. The business has a 50-day moving average of $36.39 and a two-hundred day moving average of $32.61. 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.

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.