Arrowstreet Capital Limited Partnership Sells 275,841 Shares of British American Tobacco p.l.c. $BTI

Arrowstreet Capital Limited Partnership cut its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 7.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,344,060 shares of the company’s stock after selling 275,841 shares during the period. Arrowstreet Capital Limited Partnership owned 0.16% of British American Tobacco worth $158,274,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BTI. Pandora Wealth Inc. acquired a new position in British American Tobacco during the first quarter worth approximately $32,000. State of Wyoming acquired a new position in shares of British American Tobacco during the 1st quarter worth approximately $57,000. UMB Bank n.a. raised its stake in British American Tobacco by 36.4% in the 2nd quarter. UMB Bank n.a. now owns 1,371 shares of the company’s stock valued at $65,000 after acquiring an additional 366 shares during the period. First Horizon Advisors Inc. lifted its holdings in British American Tobacco by 279.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,475 shares of the company’s stock valued at $70,000 after purchasing an additional 1,086 shares during the last quarter. Finally, VSM Wealth Advisory LLC boosted its position in British American Tobacco by 3,921.6% during the second quarter. VSM Wealth Advisory LLC now owns 1,488 shares of the company’s stock worth $70,000 after purchasing an additional 1,451 shares during the period. 16.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BTI shares. Citigroup reissued a “buy” rating on shares of British American Tobacco in a research report on Friday. Morgan Stanley restated an “underweight” rating and set a $40.00 price objective on shares of British American Tobacco in a research report on Friday, August 15th. Weiss Ratings restated a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of British American Tobacco in a research note on Friday. Finally, Royal Bank Of Canada downgraded British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $51.00.

British American Tobacco Stock Down 0.3%

NYSE BTI opened at $57.95 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. The company has a 50 day moving average of $53.36 and a 200-day moving average of $52.39. British American Tobacco p.l.c. has a 1-year low of $34.82 and a 1-year high of $59.29.

About British American Tobacco

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.