Manning & Napier Advisors LLC Sells 7,190 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Manning & Napier Advisors LLC cut its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,451 shares of the company's stock after selling 7,190 shares during the period. Manning & Napier Advisors LLC's holdings in British American Tobacco were worth $6,990,000 as of its most recent SEC filing.

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

British American Tobacco Stock Performance

Shares of NYSE BTI traded up $0.47 on Thursday, reaching $39.73. 1,673,873 shares of the company's stock traded hands, compared to its average volume of 4,325,840. British American Tobacco p.l.c. has a 12 month low of $28.25 and a 12 month high of $39.71. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The business's 50 day simple moving average is $37.06 and its two-hundred day simple moving average is $36.36.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BTI shares. Barclays upgraded shares of British American Tobacco to a "strong-buy" rating in a research report on Thursday, October 17th. StockNews.com cut British American Tobacco from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. UBS Group raised British American Tobacco from a "neutral" rating to a "buy" rating in a research note on Monday. Finally, Morgan Stanley lowered shares of British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 price objective for the company. in a report on Thursday, October 3rd.

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.