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

FNY Investment Advisers LLC lessened its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 78.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,000 shares of the company’s stock after selling 18,700 shares during the quarter. FNY Investment Advisers LLC’s holdings in British American Tobacco were worth $181,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in BTI. FMR LLC lifted its stake in British American Tobacco by 67.7% during the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock worth $259,914,000 after purchasing an additional 2,868,675 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of British American Tobacco in the 3rd quarter worth about $28,183,000. Bridgewater Associates LP acquired a new position in shares of British American Tobacco in the 3rd quarter valued at about $27,118,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of British American Tobacco by 3,153.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock valued at $20,927,000 after buying an additional 554,491 shares during the last quarter. Finally, Kize Capital LP bought a new position in British American Tobacco in the second quarter worth about $10,826,000. Institutional investors and hedge funds own 16.16% of the company’s stock.

British American Tobacco Stock Performance

Shares of NYSE BTI opened at $35.74 on Wednesday. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $39.54. The company has a market cap of $78.97 billion, a PE ratio of 7.46 and a beta of 0.52. The stock has a 50 day simple moving average of $36.74 and a 200-day simple moving average of $35.96. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

Analysts Set New Price Targets

BTI has been the topic of a number of research reports. Barclays upgraded British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Morgan Stanley lowered British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price on the stock. in a research report on Thursday, October 3rd. Finally, StockNews.com downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

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.