Augustine Asset Management Inc. Cuts Position in British American Tobacco p.l.c. (NYSE:BTI)

Augustine Asset Management Inc. trimmed its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI) by 7.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,989 shares of the company’s stock after selling 598 shares during the quarter. Augustine Asset Management Inc.’s holdings in British American Tobacco were worth $254,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Versant Capital Management Inc bought a new stake in shares of British American Tobacco during the 4th quarter worth $34,000. ORG Partners LLC increased its holdings in British American Tobacco by 35.1% during the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after buying an additional 299 shares during the last quarter. Kieckhefer Group LLC purchased a new position in British American Tobacco in the fourth quarter valued at about $44,000. Creative Financial Designs Inc. ADV grew its position in shares of British American Tobacco by 153.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock valued at $45,000 after acquiring an additional 753 shares during the period. Finally, Continuum Advisory LLC increased its stake in shares of British American Tobacco by 122.8% during the 3rd quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock worth $48,000 after purchasing an additional 748 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Stock Performance

NYSE:BTI opened at $42.51 on Wednesday. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $42.54. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. The stock’s fifty day moving average price is $37.56 and its two-hundred day moving average price is $36.81.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on BTI shares. UBS Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th. Barclays upgraded British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, StockNews.com cut British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

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.