British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Sterling Investment Management LLC

Sterling Investment Management LLC reduced its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,445 shares of the company’s stock after selling 367 shares during the period. Sterling Investment Management LLC’s holdings in British American Tobacco were worth $924,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Rhumbline Advisers raised its stake in shares of British American Tobacco by 41.8% during the 2nd quarter. Rhumbline Advisers now owns 5,058 shares of the company’s stock valued at $156,000 after buying an additional 1,490 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in British American Tobacco by 23.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 28,822 shares of the company’s stock valued at $892,000 after acquiring an additional 5,461 shares in the last quarter. Sei Investments Co. lifted its holdings in British American Tobacco by 3.5% in the second quarter. Sei Investments Co. now owns 182,526 shares of the company’s stock valued at $5,646,000 after acquiring an additional 6,139 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of British American Tobacco by 3.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 16,576 shares of the company’s stock worth $513,000 after purchasing an additional 618 shares during the period. Finally, Summit Trail Advisors LLC purchased a new position in shares of British American Tobacco during the 2nd quarter valued at approximately $236,000. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on BTI shares. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. StockNews.com cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Morgan Stanley lowered British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective on the stock. in a report on Thursday, October 3rd.

British American Tobacco Stock Performance

Shares of NYSE BTI opened at $36.76 on Wednesday. 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 current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The company’s 50-day simple moving average is $36.79 and its 200-day simple moving average is $36.09.

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.