1832 Asset Management L.P. Trims Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

1832 Asset Management L.P. trimmed its position in British American Tobacco p.l.c. (NYSE:BTI) by 77.1% in the 2nd quarter, Holdings Channel reports. The firm owned 2,058 shares of the company’s stock after selling 6,911 shares during the quarter. 1832 Asset Management L.P.’s holdings in British American Tobacco were worth $64,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Capital Research Global Investors grew its position in British American Tobacco by 38.5% during the fourth quarter. Capital Research Global Investors now owns 15,316,688 shares of the company’s stock worth $448,625,000 after buying an additional 4,259,548 shares in the last quarter. Capital World Investors raised its stake in British American Tobacco by 0.4% in the first quarter. Capital World Investors now owns 3,836,365 shares of the company’s stock valued at $117,009,000 after purchasing an additional 13,643 shares in the last quarter. Natixis Advisors LLC lifted its position in 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 purchasing an additional 614,634 shares during the last quarter. Raymond James & Associates increased its holdings in shares of British American Tobacco by 1.9% in the 2nd quarter. Raymond James & Associates now owns 2,279,765 shares of the company’s stock worth $70,513,000 after buying an additional 43,006 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of British American Tobacco by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 887,911 shares of the company’s stock valued at $26,007,000 after buying an additional 37,359 shares in the last quarter. 21.44% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Trading Down 0.4 %

Shares of BTI opened at $37.82 on Friday. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $39.54. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The stock has a 50 day simple moving average of $36.62 and a two-hundred day simple moving average of $32.71.

Analyst Upgrades and Downgrades

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

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.