Atria Investments Inc Cuts Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Atria Investments Inc lowered its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 11.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,940 shares of the company’s stock after selling 8,573 shares during the period. Atria Investments Inc’s holdings in British American Tobacco were worth $2,485,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in British American Tobacco by 109.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,760 shares of the company’s stock worth $389,000 after purchasing an additional 6,660 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of British American Tobacco by 49.7% in the 1st quarter. BNP Paribas Financial Markets now owns 15,263 shares of the company’s stock worth $466,000 after purchasing an additional 5,068 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of British American Tobacco by 14.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 15,589 shares of the company’s stock worth $475,000 after acquiring an additional 1,999 shares in the last quarter. Sei Investments Co. lifted its stake in British American Tobacco by 7.0% during the first quarter. Sei Investments Co. now owns 176,387 shares of the company’s stock valued at $5,381,000 after buying an additional 11,546 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of British American Tobacco by 131.8% in the first quarter. Russell Investments Group Ltd. now owns 2,796 shares of the company’s stock valued at $85,000 after purchasing an additional 1,590 shares in the last quarter. 21.44% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Price Performance

NYSE:BTI opened at $35.49 on Friday. The company has a 50-day moving average of $36.26 and a 200-day moving average of $34.05. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week 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.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BTI shares. Morgan Stanley downgraded shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective on the stock. in a research report on Thursday, October 3rd. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th. Finally, StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday.

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.