Cubist Systematic Strategies LLC Has $173,000 Position in British American Tobacco p.l.c. (NYSE:BTI)

Cubist Systematic Strategies LLC cut its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 99.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,579 shares of the company’s stock after selling 641,328 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in British American Tobacco were worth $173,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Natixis Advisors LLC lifted its stake in shares of British American Tobacco by 29.9% in the 2nd 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 period. Kize Capital LP acquired a new position in shares of British American Tobacco in the 2nd quarter valued at about $10,826,000. Gateway Investment Advisers LLC lifted its stake in shares of British American Tobacco by 384.5% in the 2nd quarter. Gateway Investment Advisers LLC now owns 327,007 shares of the company’s stock valued at $10,114,000 after purchasing an additional 259,509 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of British American Tobacco by 42.5% in the 1st quarter. First Eagle Investment Management LLC now owns 722,462 shares of the company’s stock valued at $22,035,000 after purchasing an additional 215,305 shares during the period. Finally, Manning & Napier Advisors LLC bought a new stake in British American Tobacco in the 2nd quarter valued at about $6,153,000. 21.44% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Stock Up 0.8 %

Shares of BTI opened at $35.46 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The stock has a 50 day moving average price of $36.92 and a two-hundred day moving average price of $33.21. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $39.54.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BTI. Morgan Stanley lowered British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price for the company. in a research report on Thursday, October 3rd. StockNews.com lowered British American Tobacco from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 11th.

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.