BluePath Capital Management LLC Reduces Holdings in British American Tobacco p.l.c. (NYSE:BTI)

BluePath Capital Management LLC decreased its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 18.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,332 shares of the company’s stock after selling 4,144 shares during the quarter. BluePath Capital Management LLC’s holdings in British American Tobacco were worth $671,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in British American Tobacco by 49.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,663 shares of the company’s stock worth $97,000 after acquiring an additional 880 shares during the period. Creative Financial Designs Inc. ADV raised its position in shares of British American Tobacco by 153.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock valued at $45,000 after buying an additional 753 shares during the last quarter. US Bancorp DE raised its position in shares of British American Tobacco by 21.6% during the third quarter. US Bancorp DE now owns 75,814 shares of the company’s stock valued at $2,773,000 after buying an additional 13,482 shares during the last quarter. Financial Advocates Investment Management raised its position in shares of British American Tobacco by 4.7% during the third quarter. Financial Advocates Investment Management now owns 20,587 shares of the company’s stock valued at $753,000 after buying an additional 926 shares during the last quarter. Finally, Pinnacle Associates Ltd. bought a new stake in shares of British American Tobacco during the third quarter valued at approximately $300,000. Institutional investors own 21.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BTI shares. StockNews.com cut shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 11th. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Morgan Stanley lowered shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a research note on Thursday, October 3rd.

British American Tobacco Price Performance

NYSE BTI opened at $35.07 on Friday. The company has a fifty day moving average of $36.60 and a two-hundred day moving average of $33.67. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a 52 week low of $28.25 and a 52 week high of $39.54.

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.