Hennessy Advisors Inc. Lowers Holdings in British American Tobacco p.l.c. (NYSE:BTI)

Hennessy Advisors Inc. lowered its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 162,900 shares of the company’s stock after selling 5,900 shares during the period. Hennessy Advisors Inc.’s holdings in British American Tobacco were worth $5,917,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of British American Tobacco by 67.7% during the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock valued at $259,914,000 after buying an additional 2,868,675 shares during the last quarter. Natixis Advisors LLC increased its holdings in British American Tobacco by 7.7% in the 3rd quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company’s stock valued at $105,111,000 after acquiring an additional 206,117 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in British American Tobacco in the 3rd quarter worth $28,183,000. Bridgewater Associates LP bought a new position in shares of British American Tobacco during the 3rd quarter valued at about $27,118,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of British American Tobacco by 3,153.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock worth $20,927,000 after purchasing an additional 554,491 shares during the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Trading Up 1.2 %

BTI stock opened at $36.32 on Friday. The firm’s fifty day simple moving average is $36.75 and its two-hundred day simple moving average is $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. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54.

Analyst Ratings Changes

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

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.