Assetmark Inc. Has $6.23 Million Position in British American Tobacco p.l.c. (NYSE:BTI)

Assetmark Inc. lessened its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 38.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,162 shares of the company's stock after selling 104,564 shares during the period. Assetmark Inc.'s holdings in British American Tobacco were worth $6,225,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Verdence Capital Advisors LLC raised its position in British American Tobacco by 4.6% during the third quarter. Verdence Capital Advisors LLC now owns 21,986 shares of the company's stock valued at $804,000 after acquiring an additional 969 shares in the last quarter. Townsend & Associates Inc lifted its holdings in British American Tobacco by 2.6% in the 3rd quarter. Townsend & Associates Inc now owns 64,538 shares of the company's stock valued at $2,240,000 after purchasing an additional 1,655 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in British American Tobacco during the 3rd quarter worth approximately $1,314,000. Philip James Wealth Mangement LLC bought a new position in shares of British American Tobacco during the third quarter worth about $6,084,000. Finally, Sittner & Nelson LLC bought a new position in British American Tobacco in the 3rd quarter worth approximately $192,000. 21.44% of the stock is currently owned by institutional investors.

British American Tobacco Price Performance

BTI stock traded up $0.09 on Tuesday, hitting $35.24. 3,274,334 shares of the company were exchanged, compared to its average volume of 4,780,989. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54. The business's fifty day moving average is $36.37 and its two-hundred day moving average is $34.00.

Analysts Set New Price Targets

A number of brokerages recently commented on BTI. StockNews.com lowered British American Tobacco from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 11th. Barclays upgraded British American Tobacco to a "strong-buy" rating in a research report on Thursday, October 17th. Finally, Morgan Stanley cut British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 target price on the stock. in a report on Thursday, October 3rd.

British American Tobacco 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.