British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Park Place Capital Corp

Park Place Capital Corp lessened its stake in British American Tobacco p.l.c. (NYSE:BTI) by 13.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,530 shares of the company’s stock after selling 1,290 shares during the quarter. Park Place Capital Corp’s holdings in British American Tobacco were worth $312,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its holdings in British American Tobacco by 26.2% in the 2nd quarter. Bank of Montreal Can now owns 113,811 shares of the company’s stock worth $3,658,000 after acquiring an additional 23,626 shares in the last quarter. Atria Investments Inc increased its holdings in British American Tobacco by 19.5% in the 1st quarter. Atria Investments Inc now owns 74,416 shares of the company’s stock worth $2,270,000 after acquiring an additional 12,150 shares in the last quarter. GAMMA Investing LLC increased its holdings in British American Tobacco by 79.3% in the 1st quarter. GAMMA Investing LLC now owns 2,085 shares of the company’s stock worth $64,000 after acquiring an additional 922 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in British American Tobacco by 131.8% in the 1st quarter. Russell Investments Group Ltd. now owns 2,796 shares of the company’s stock worth $85,000 after acquiring an additional 1,590 shares in the last quarter. Finally, Auxier Asset Management increased its holdings in British American Tobacco by 16.0% in the 2nd quarter. Auxier Asset Management now owns 186,796 shares of the company’s stock worth $5,778,000 after acquiring an additional 25,800 shares in the last quarter. Hedge funds and other institutional investors own 21.44% of the company’s stock.

British American Tobacco Price Performance

British American Tobacco stock opened at $35.22 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 firm has a market capitalization of $78.23 billion, a price-to-earnings ratio of 7.28, a PEG ratio of 1.98 and a beta of 0.52. The company has a fifty day simple moving average of $36.97 and a 200-day simple moving average of $33.03. 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 Analyst Weigh In

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

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.