Dynamic Advisor Solutions LLC Sells 3,115 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Dynamic Advisor Solutions LLC cut its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 24.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,533 shares of the company’s stock after selling 3,115 shares during the period. Dynamic Advisor Solutions LLC’s holdings in British American Tobacco were worth $346,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rhumbline Advisers lifted its holdings in British American Tobacco by 41.8% in the second quarter. Rhumbline Advisers now owns 5,058 shares of the company’s stock valued at $156,000 after acquiring an additional 1,490 shares during the period. Sei Investments Co. lifted its stake in shares of British American Tobacco by 3.5% in the 2nd quarter. Sei Investments Co. now owns 182,526 shares of the company’s stock worth $5,646,000 after purchasing an additional 6,139 shares during the period. Thrivent Financial for Lutherans grew its position in British American Tobacco by 3.9% during the second quarter. Thrivent Financial for Lutherans now owns 16,576 shares of the company’s stock valued at $513,000 after buying an additional 618 shares during the period. Bank of Montreal Can increased its holdings in British American Tobacco by 26.2% during the second quarter. Bank of Montreal Can now owns 113,811 shares of the company’s stock valued at $3,658,000 after buying an additional 23,626 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new position in shares of British American Tobacco during the 2nd quarter worth $408,000. 16.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

BTI has been the subject of several analyst reports. Barclays upgraded British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. UBS Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday. Finally, Morgan Stanley cut shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price on the stock. in a research note on Thursday, October 3rd.

British American Tobacco Stock Performance

Shares of BTI opened at $39.59 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. British American Tobacco p.l.c. has a 12-month low of $28.25 and a 12-month high of $39.70. The business’s 50 day moving average is $36.91 and its 200 day moving average is $36.24.

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.