Concurrent Investment Advisors LLC Lowers Stake in British American Tobacco p.l.c. (NYSE:BTI)

Concurrent Investment Advisors LLC trimmed its holdings in British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 44.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,620 shares of the company's stock after selling 22,048 shares during the period. Concurrent Investment Advisors LLC's holdings in British American Tobacco were worth $1,010,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. O Brien Greene & Co. Inc lifted its holdings in shares of British American Tobacco by 1.7% in the 2nd quarter. O Brien Greene & Co. Inc now owns 17,102 shares of the company's stock worth $529,000 after acquiring an additional 289 shares during the last quarter. Grove Bank & Trust boosted its position in shares of British American Tobacco by 11.0% during the third quarter. Grove Bank & Trust now owns 3,176 shares of the company's stock worth $116,000 after buying an additional 314 shares during the period. 1832 Asset Management L.P. grew its stake in shares of British American Tobacco by 4.2% in the first 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 in the last quarter. Greenleaf Trust lifted its stake in British American Tobacco by 1.8% during the 3rd quarter. Greenleaf Trust now owns 21,211 shares of the company's stock worth $776,000 after acquiring an additional 376 shares in the last quarter. Finally, MADDEN SECURITIES Corp boosted its holdings in British American Tobacco by 1.3% during the 3rd quarter. MADDEN SECURITIES Corp now owns 30,935 shares of the company's stock valued at $1,132,000 after acquiring an additional 400 shares during the period. 21.44% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Performance

Shares of NYSE BTI traded down $0.01 during midday trading on Friday, hitting $35.39. 3,745,707 shares of the company's stock were exchanged, compared to its average volume of 4,426,503. The firm's fifty day simple moving average is $36.42 and its 200-day simple moving average is $33.90. British American Tobacco p.l.c. has a twelve month low of $28.25 and a twelve month high of $39.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BTI shares. Morgan Stanley cut shares of British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 price target on the stock. in a research report on Thursday, October 3rd. StockNews.com downgraded shares of British American Tobacco from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 11th. Finally, Barclays upgraded British American Tobacco to a "strong-buy" rating in a report on Thursday, October 17th.

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.