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

MQS Management LLC cut its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 56.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 17,137 shares of the company’s stock after selling 22,284 shares during the quarter. MQS Management LLC’s holdings in British American Tobacco were worth $627,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Natixis Advisors LLC boosted its holdings in British American Tobacco by 29.9% during the second quarter. Natixis Advisors LLC now owns 2,667,339 shares of the company’s stock worth $82,501,000 after buying an additional 614,634 shares in the last quarter. Kize Capital LP acquired a new position in shares of British American Tobacco in the 2nd quarter worth $10,826,000. Gateway Investment Advisers LLC raised its position in shares of British American Tobacco by 384.5% during the second quarter. Gateway Investment Advisers LLC now owns 327,007 shares of the company’s stock worth $10,114,000 after purchasing an additional 259,509 shares during the period. First Eagle Investment Management LLC boosted its position in shares of British American Tobacco by 42.5% in the 1st quarter. First Eagle Investment Management LLC now owns 722,462 shares of the company’s stock valued at $22,035,000 after purchasing an additional 215,305 shares during the period. Finally, Manning & Napier Advisors LLC purchased a new position in British American Tobacco in the 2nd quarter worth about $6,153,000. Institutional investors own 21.44% of the company’s stock.

British American Tobacco Trading Up 0.2 %

Shares of NYSE:BTI opened at $35.24 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $39.54. The firm has a fifty day moving average of $36.31 and a two-hundred day moving average of $34.04.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BTI shares. StockNews.com downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday. Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Morgan Stanley cut British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price for the company. in a research report on Thursday, October 3rd.

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.