AdvisorShares Investments LLC Sells 900 Shares of British American Tobacco p.l.c. $BTI

AdvisorShares Investments LLC lowered its position in shares of British American Tobacco p.l.c. (NYSE:BTI) by 11.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,048 shares of the company’s stock after selling 900 shares during the quarter. AdvisorShares Investments LLC’s holdings in British American Tobacco were worth $334,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Rosenberg Matthew Hamilton lifted its position in shares of British American Tobacco by 87.0% during the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company’s stock worth $25,000 after buying an additional 280 shares in the last quarter. Golden State Wealth Management LLC grew its position in British American Tobacco by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 610 shares of the company’s stock valued at $25,000 after buying an additional 305 shares during the period. Mather Group LLC. grew its position in British American Tobacco by 292.7% during the first quarter. Mather Group LLC. now owns 644 shares of the company’s stock valued at $27,000 after buying an additional 480 shares during the period. Pandora Wealth Inc. bought a new position in British American Tobacco during the first quarter valued at about $32,000. Finally, Bessemer Group Inc. grew its position in British American Tobacco by 232.4% during the first quarter. Bessemer Group Inc. now owns 1,117 shares of the company’s stock valued at $45,000 after buying an additional 781 shares during the period. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

Shares of BTI stock opened at $51.26 on Friday. The company’s fifty day simple moving average is $53.72 and its two-hundred day simple moving average is $50.21. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. British American Tobacco p.l.c. has a 1 year low of $34.24 and a 1 year high of $59.29.

Wall Street Analysts Forecast Growth

BTI has been the topic of a number of research reports. Jefferies Financial Group initiated coverage on shares of British American Tobacco in a report on Wednesday, July 9th. They issued a “buy” rating on the stock. Wall Street Zen cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday, October 8th. Argus raised shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Monday, September 8th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $40.00 price target on shares of British American Tobacco in a report on Friday, August 15th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, British American Tobacco has an average rating of “Hold” and a consensus price target of $51.00.

British American Tobacco Company 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.