British American Tobacco p.l.c. (NYSE:BTI) Stake Reduced by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC reduced its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 55.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 3,042 shares of the company’s stock after selling 3,715 shares during the period. Hexagon Capital Partners LLC’s holdings in British American Tobacco were worth $93,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. First Bank & Trust grew its stake in shares of British American Tobacco by 30.1% in the first quarter. First Bank & Trust now owns 52,526 shares of the company’s stock worth $1,602,000 after purchasing an additional 12,166 shares in the last quarter. Weaver Consulting Group grew its stake in shares of British American Tobacco by 10.9% in the first quarter. Weaver Consulting Group now owns 9,833 shares of the company’s stock worth $300,000 after purchasing an additional 970 shares in the last quarter. Kathmere Capital Management LLC grew its stake in shares of British American Tobacco by 89.4% in the first quarter. Kathmere Capital Management LLC now owns 17,031 shares of the company’s stock worth $519,000 after purchasing an additional 8,037 shares in the last quarter. Hennessy Advisors Inc. grew its stake in shares of British American Tobacco by 24.7% in the first quarter. Hennessy Advisors Inc. now owns 172,300 shares of the company’s stock worth $5,255,000 after purchasing an additional 34,100 shares in the last quarter. Finally, Congress Park Capital LLC grew its stake in shares of British American Tobacco by 16.1% in the first quarter. Congress Park Capital LLC now owns 18,000 shares of the company’s stock worth $549,000 after purchasing an additional 2,500 shares in the last quarter. 21.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered British American Tobacco from a “buy” rating to a “hold” rating in a report on Monday, May 6th.

British American Tobacco Trading Up 0.5 %

Shares of British American Tobacco stock traded up $0.15 during trading on Monday, hitting $31.08. The stock had a trading volume of 3,466,445 shares, compared to its average volume of 4,672,342. The company has a current ratio of 0.91, a quick ratio of 0.59 and a debt-to-equity ratio of 0.67. The business has a fifty day moving average of $30.71 and a two-hundred day moving average of $30.17. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $34.28.

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.