Park Place Capital Corp Sells 7,792 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Park Place Capital Corp trimmed its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 91.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 738 shares of the company’s stock after selling 7,792 shares during the quarter. Park Place Capital Corp’s holdings in British American Tobacco were worth $27,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Versant Capital Management Inc bought a new stake in British American Tobacco during the 4th quarter valued at about $34,000. ORG Partners LLC boosted its holdings in shares of British American Tobacco by 35.1% during the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock valued at $42,000 after acquiring an additional 299 shares during the last quarter. Kieckhefer Group LLC purchased a new position in shares of British American Tobacco in the fourth quarter worth approximately $44,000. Creative Financial Designs Inc. ADV boosted 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 during the last quarter. Finally, Continuum Advisory LLC boosted its holdings in shares of British American Tobacco by 122.8% in the third quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock worth $48,000 after buying an additional 748 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on BTI. StockNews.com cut shares of British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. 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. Finally, Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th.

British American Tobacco Stock Up 1.2 %

Shares of BTI opened at $37.02 on Friday. The firm has a market capitalization of $81.79 billion, a P/E ratio of 7.40 and a beta of 0.52. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $39.54. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The firm has a fifty day moving average price of $36.85 and a 200-day moving average price of $36.13.

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.