British American Tobacco (NYSE:BTI) Rating Lowered to Hold at StockNews.com

British American Tobacco (NYSE:BTI) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

British American Tobacco Stock Performance

NYSE BTI opened at $29.95 on Monday. British American Tobacco has a fifty-two week low of $28.25 and a fifty-two week high of $35.85. 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 stock has a 50-day simple moving average of $29.77 and a two-hundred day simple moving average of $30.09.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of British American Tobacco by 3.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 112,072 shares of the company’s stock worth $3,520,000 after acquiring an additional 3,424 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in British American Tobacco by 8.4% during the third quarter. Verdence Capital Advisors LLC now owns 24,035 shares of the company’s stock worth $755,000 after purchasing an additional 1,859 shares in the last quarter. Advisor Partners II LLC grew its stake in shares of British American Tobacco by 64.7% in the third quarter. Advisor Partners II LLC now owns 18,557 shares of the company’s stock valued at $583,000 after buying an additional 7,292 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of British American Tobacco by 10.8% in the 3rd quarter. Park Avenue Securities LLC now owns 36,599 shares of the company’s stock valued at $1,150,000 after buying an additional 3,571 shares during the period. Finally, Sage Rhino Capital LLC lifted its stake in British American Tobacco by 7.2% during the 3rd quarter. Sage Rhino Capital LLC now owns 7,102 shares of the company’s stock worth $223,000 after acquiring an additional 476 shares in the last quarter. 21.44% of the stock is currently owned by institutional investors and hedge funds.

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.