Rakuten Securities Inc. Decreases Stock Position in British American Tobacco p.l.c. (NYSE:BTI)

Rakuten Securities Inc. reduced its position in British American Tobacco p.l.c. (NYSE:BTI) by 89.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,160 shares of the company’s stock after selling 172,281 shares during the period. Rakuten Securities Inc.’s holdings in British American Tobacco were worth $774,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its stake in British American Tobacco by 109.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,760 shares of the company’s stock valued at $389,000 after buying an additional 6,660 shares during the last quarter. BNP Paribas Financial Markets raised its stake in British American Tobacco by 49.7% during the 1st quarter. BNP Paribas Financial Markets now owns 15,263 shares of the company’s stock valued at $466,000 after buying an additional 5,068 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in British American Tobacco by 14.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 15,589 shares of the company’s stock worth $475,000 after purchasing an additional 1,999 shares during the period. Atomi Financial Group Inc. bought a new position in British American Tobacco in the 1st quarter worth $328,000. Finally, Sei Investments Co. raised its holdings in British American Tobacco by 7.0% in the 1st quarter. Sei Investments Co. now owns 176,387 shares of the company’s stock worth $5,381,000 after purchasing an additional 11,546 shares during the period. 21.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BTI has been the topic of a number of recent research reports. StockNews.com cut British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 11th. Barclays raised British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Morgan Stanley lowered British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target for the company. in a research note on Thursday, October 3rd.

British American Tobacco Trading Down 0.6 %

Shares of BTI stock opened at $35.16 on Tuesday. The stock has a fifty day simple moving average of $36.37 and a two-hundred day simple moving average of $34.00. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. British American Tobacco p.l.c. has a 52-week low of $28.25 and a 52-week high of $39.54.

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.