Flagship Harbor Advisors LLC Decreases Position in British American Tobacco p.l.c. (NYSE:BTI)

Flagship Harbor Advisors LLC decreased its stake in British American Tobacco p.l.c. (NYSE:BTI) by 14.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,500 shares of the company’s stock after selling 5,480 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in British American Tobacco were worth $1,180,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Versant Capital Management Inc bought a new position in British American Tobacco during the fourth quarter valued at $34,000. ORG Partners LLC grew its holdings in 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 purchasing an additional 299 shares during the last quarter. Kieckhefer Group LLC purchased a new stake in British American Tobacco in the 4th quarter worth about $44,000. Creative Financial Designs Inc. ADV lifted its stake in 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 purchasing an additional 753 shares during the last quarter. Finally, Continuum Advisory LLC boosted its position in shares of British American Tobacco by 122.8% during the third quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock valued at $48,000 after buying an additional 748 shares during the period. Institutional investors own 16.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BTI shares. StockNews.com lowered 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 report on Thursday, October 3rd. Finally, Barclays raised shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th.

British American Tobacco Stock Up 2.4 %

Shares of BTI stock opened at $37.93 on Monday. 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 current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The stock has a fifty day simple moving average of $36.91 and a two-hundred day simple moving average of $36.21.

About British American Tobacco

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.