Anthracite Investment Company Inc. Has $2.31 Million Stake in British American Tobacco p.l.c. (NYSE:BTI)

Anthracite Investment Company Inc. lessened its holdings in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 45.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 63,100 shares of the company's stock after selling 52,499 shares during the period. Anthracite Investment Company Inc.'s holdings in British American Tobacco were worth $2,308,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in BTI. O Brien Greene & Co. Inc grew its stake in shares of British American Tobacco by 1.7% during the second quarter. O Brien Greene & Co. Inc now owns 17,102 shares of the company's stock worth $529,000 after purchasing an additional 289 shares during the period. First City Capital Management Inc. grew its holdings in British American Tobacco by 2.8% during the third quarter. First City Capital Management Inc. now owns 10,890 shares of the company's stock valued at $398,000 after purchasing an additional 300 shares during the period. Grove Bank & Trust raised its holdings in British American Tobacco by 11.0% in the third quarter. Grove Bank & Trust now owns 3,176 shares of the company's stock worth $116,000 after purchasing an additional 314 shares during the period. 1832 Asset Management L.P. grew its holdings in shares of British American Tobacco by 4.2% in the 1st quarter. 1832 Asset Management L.P. now owns 8,969 shares of the company's stock valued at $274,000 after buying an additional 363 shares during the period. Finally, Greenleaf Trust grew its stake in British American Tobacco by 1.8% in the third quarter. Greenleaf Trust now owns 21,211 shares of the company's stock valued at $776,000 after acquiring an additional 376 shares during the period. 21.44% of the stock is owned by institutional investors.

British American Tobacco Stock Performance

Shares of BTI traded up $0.15 during mid-day trading on Wednesday, hitting $37.08. 2,594,822 shares of the company's stock were exchanged, compared to its average volume of 4,777,355. 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 p.l.c. has a 52 week low of $28.25 and a 52 week high of $39.54. The company has a 50-day simple moving average of $36.06 and a 200 day simple moving average of $34.28.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BTI. Barclays upgraded British American Tobacco to a "strong-buy" rating in a report on Thursday, October 17th. Morgan Stanley cut shares of British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 price target for the company. in a report on Thursday, October 3rd. Finally, StockNews.com lowered shares of British American Tobacco from a "buy" rating to a "hold" rating in a report 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.