Clear Harbor Asset Management LLC Reduces Position in British American Tobacco p.l.c. $BTI

Clear Harbor Asset Management LLC reduced its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 19.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,980 shares of the company’s stock after selling 1,200 shares during the period. Clear Harbor Asset Management LLC’s holdings in British American Tobacco were worth $236,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BTI. Ascent Group LLC lifted its stake in British American Tobacco by 13.1% during the fourth quarter. Ascent Group LLC now owns 17,612 shares of the company’s stock worth $640,000 after purchasing an additional 2,043 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in shares of British American Tobacco during the 4th quarter worth approximately $26,000. Versant Capital Management Inc boosted its holdings in shares of British American Tobacco by 930.4% in the 1st quarter. Versant Capital Management Inc now owns 9,737 shares of the company’s stock valued at $403,000 after buying an additional 8,792 shares in the last quarter. Moody National Bank Trust Division grew its position in shares of British American Tobacco by 8.1% in the 1st quarter. Moody National Bank Trust Division now owns 12,895 shares of the company’s stock valued at $533,000 after buying an additional 963 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in British American Tobacco by 5,144.6% during the 1st quarter. GAMMA Investing LLC now owns 276,393 shares of the company’s stock worth $11,434,000 after acquiring an additional 271,123 shares in the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Jefferies Financial Group assumed coverage on British American Tobacco in a report on Wednesday, July 9th. They set a “buy” rating on the stock. Royal Bank Of Canada cut British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Morgan Stanley reaffirmed an “underweight” rating and set a $40.00 price target on shares of British American Tobacco in a research report on Friday, August 15th. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Barclays restated an “overweight” rating on shares of British American Tobacco in a research report on Friday, June 13th. Five equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.00.

British American Tobacco Trading Down 1.4%

Shares of BTI stock opened at $53.13 on Wednesday. The company has a market capitalization of $109.32 billion, a P/E ratio of 10.91, a price-to-earnings-growth ratio of 3.70 and a beta of 0.40. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average is $55.50 and its two-hundred day moving average is $48.17. British American Tobacco p.l.c. has a twelve month low of $34.17 and a twelve month high of $59.29.

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.