Parallel Advisors LLC Has $278,000 Stake in British American Tobacco p.l.c. (NYSE:BTI)

Parallel Advisors LLC lessened its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 13.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,989 shares of the company’s stock after selling 1,448 shares during the period. Parallel Advisors LLC’s holdings in British American Tobacco were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Heritage Wealth Advisors acquired a new stake in shares of British American Tobacco during the 4th quarter worth about $26,000. Larson Financial Group LLC lifted its position in British American Tobacco by 153.7% during the first quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock worth $31,000 after acquiring an additional 610 shares during the last quarter. Cape Investment Advisory Inc. boosted its holdings in shares of British American Tobacco by 92.7% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock worth $31,000 after acquiring an additional 510 shares during the period. Mather Group LLC. grew its position in shares of British American Tobacco by 4,526.9% in the second quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock valued at $37,000 after purchasing an additional 1,177 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in British American Tobacco by 83.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,206 shares of the company’s stock worth $35,000 after purchasing an additional 550 shares during the last quarter. Institutional investors and hedge funds own 21.44% of the company’s stock.

Analyst Ratings Changes

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

British American Tobacco Trading Down 0.4 %

NYSE BTI opened at $37.87 on Thursday. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $39.54. The firm has a 50-day moving average price of $36.08 and a two-hundred day moving average price of $32.42. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.

British American Tobacco 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.