MQS Management LLC Cuts Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

MQS Management LLC lessened its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 56.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,137 shares of the company's stock after selling 22,284 shares during the period. MQS Management LLC's holdings in British American Tobacco were worth $627,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Mather Group LLC. grew its position in British American Tobacco by 4,526.9% during the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company's stock valued at $37,000 after purchasing an additional 1,177 shares during the last quarter. Addison Advisors LLC increased its position in shares of British American Tobacco by 79.9% during the second quarter. Addison Advisors LLC now owns 1,227 shares of the company's stock valued at $38,000 after acquiring an additional 545 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in British American Tobacco by 153.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company's stock worth $45,000 after acquiring an additional 753 shares during the last quarter. Pathway Financial Advisers LLC purchased a new stake in British American Tobacco during the 1st quarter valued at $46,000. Finally, Bruce G. Allen Investments LLC increased its holdings in shares of British American Tobacco by 320.9% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company's stock worth $65,000 after purchasing an additional 1,351 shares in the last quarter. 21.44% of the stock is owned by institutional investors.

British American Tobacco Stock Up 0.5 %

BTI stock traded up $0.18 during midday trading on Wednesday, reaching $35.42. 4,224,639 shares of the company's stock traded hands, compared to its average volume of 4,781,559. The stock's 50-day moving average is $36.31 and its 200 day moving average is $34.04. 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 quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

Analyst Upgrades and Downgrades

BTI has been the topic of several research analyst reports. Barclays upgraded shares of British American Tobacco to a "strong-buy" rating in a research note on Thursday, October 17th. StockNews.com cut shares of British American Tobacco from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, Morgan Stanley lowered shares of British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 target price for the company. in a research note 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.