2 weeks Ago By ABMN Staff
SAL Trading LLC reduced its holdings in shares of British American Tobacco p.l.c.
( NYSE:BTI – Free Report ) by 57.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,869 shares of the company’s stock after selling 41,031 shares during the quarter.
British American Tobacco makes up approximately 1.6% of SAL Trading LLC’s holdings, making the stock its 3rd biggest position. SAL Trading LLC’s holdings in British American Tobacco were worth $924,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in BTI. Scientech Research LLC bought a new position in shares of British American Tobacco in the second quarter valued at $397,000. AQR Capital Management LLC bought a new position in shares of British American Tobacco in the second quarter valued at $408,000.
Insigneo Advisory Services LLC grew its stake in shares of British American Tobacco by 50.0% in the second quarter. Insigneo Advisory Services LLC now owns 12,357 shares of the company’s stock valued at $382,000 after buying an additional 4,118 shares in the last quarter.
Bank of Montreal Can grew its stake in shares of British American Tobacco by 26.2% in the second quarter. Bank of Montreal Can now owns 113,811 shares of the company’s stock valued at $3,658,000 after buying an additional 23,626 shares in the last quarter.
Finally, EverSource Wealth Advisors LLC grew its stake in shares of British American Tobacco by 36.5% in the second quarter. EverSource Wealth Advisors LLC now owns 6,163 shares of the company’s stock valued at $191,000 after buying an additional 1,648 shares in the last quarter.
21.44% of the stock is owned by institutional investors. Analysts Set New Price Targets Separately, StockNews.
com cut shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 11th. British American Tobacco Price Performance NYSE:BTI opened at $36.83 on Friday.
The firm has a fifty day simple moving average of $36.79 and a 200 day simple moving average of $32.79.
British American Tobacco p.l.c.
has a 1-year low of $28.25 and a 1-year high of $39.54.
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 Profile ( Free Report ) 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. Further Reading Receive News & Ratings for British American Tobacco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco and related companies with MarketBeat.com's FREE daily email newsletter .
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