British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by MQS Management LLC

MQS Management LLC reduced its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 39.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,281 shares of the company’s stock after selling 5,485 shares during the period. MQS Management LLC’s holdings in British American Tobacco were worth $253,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BTI. Intrust Bank NA grew its position in British American Tobacco by 3.5% in the fourth quarter. Intrust Bank NA now owns 11,347 shares of the company’s stock worth $332,000 after acquiring an additional 380 shares during the period. Gallacher Capital Management LLC raised its holdings in British American Tobacco by 3.8% in the 1st quarter. Gallacher Capital Management LLC now owns 11,100 shares of the company’s stock valued at $339,000 after buying an additional 402 shares during the period. Dearborn Partners LLC lifted its position in British American Tobacco by 5.0% in the first quarter. Dearborn Partners LLC now owns 8,853 shares of the company’s stock valued at $270,000 after buying an additional 425 shares during the last quarter. Moody National Bank Trust Division increased its position in shares of British American Tobacco by 6.3% during the first quarter. Moody National Bank Trust Division now owns 7,802 shares of the company’s stock valued at $238,000 after acquiring an additional 465 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of British American Tobacco by 1.8% in the 4th quarter. Venturi Wealth Management LLC now owns 27,696 shares of the company’s stock valued at $811,000 after acquiring an additional 482 shares during the period. Institutional investors and hedge funds own 21.44% of the company’s stock.

British American Tobacco Trading Up 0.7 %

Shares of British American Tobacco stock traded up $0.24 during trading on Friday, hitting $34.97. 1,096,129 shares of the stock were exchanged, compared to its average volume of 4,555,786. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $35.08. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.91 and a quick ratio of 0.59. The firm’s 50-day moving average price is $31.59 and its 200 day moving average price is $30.54.

Analyst Ratings Changes

Separately, StockNews.com lowered British American Tobacco from a “buy” rating to a “hold” rating in a research report on Monday, May 6th.

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.