Fourpath Capital Management LLC Sells 12,732 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Fourpath Capital Management LLC lowered its position in British American Tobacco p.l.c. (NYSE:BTI) by 67.1% in the 4th quarter, HoldingsChannel reports. The fund owned 6,229 shares of the company’s stock after selling 12,732 shares during the period. Fourpath Capital Management LLC’s holdings in British American Tobacco were worth $226,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in BTI. Optas LLC purchased a new position in British American Tobacco in the 4th quarter valued at approximately $225,000. Greenleaf Trust grew its position in shares of British American Tobacco by 4.7% in the fourth quarter. Greenleaf Trust now owns 22,214 shares of the company’s stock valued at $807,000 after purchasing an additional 1,003 shares in the last quarter. Avantra Family Wealth Inc. bought a new stake in shares of British American Tobacco during the 4th quarter valued at $686,000. Inlet Private Wealth LLC boosted its stake in British American Tobacco by 1.2% in the 4th quarter. Inlet Private Wealth LLC now owns 147,478 shares of the company’s stock worth $5,356,000 after purchasing an additional 1,800 shares during the period. Finally, Concord Wealth Partners grew its holdings in British American Tobacco by 223.0% during the 4th quarter. Concord Wealth Partners now owns 4,008 shares of the company’s stock valued at $146,000 after buying an additional 2,767 shares in the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BTI. UBS Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th. Barclays upgraded British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, StockNews.com cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

British American Tobacco Trading Up 1.2 %

Shares of NYSE:BTI opened at $40.22 on Wednesday. British American Tobacco p.l.c. has a one year low of $28.25 and a one year high of $40.25. 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 company’s fifty day moving average price is $37.20 and its 200-day moving average price is $36.54.

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.