Moors & Cabot Inc. Sells 561 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Moors & Cabot Inc. trimmed its holdings in British American Tobacco p.l.c. (NYSE:BTI) by 0.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 81,537 shares of the company’s stock after selling 561 shares during the period. Moors & Cabot Inc.’s holdings in British American Tobacco were worth $2,983,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BTI. Mather Group LLC. grew its position in British American Tobacco by 4,526.9% during the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock worth $37,000 after acquiring an additional 1,177 shares during the last quarter. Addison Advisors LLC raised its stake in British American Tobacco by 79.9% during the 2nd quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock worth $38,000 after buying an additional 545 shares during the period. Creative Financial Designs Inc. ADV increased its holdings in British American Tobacco by 153.7% during the 3rd 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 in the last quarter. Pathway Financial Advisers LLC bought a new position in shares of British American Tobacco in the first quarter valued at approximately $46,000. Finally, Bruce G. Allen Investments LLC grew its holdings in shares of British American Tobacco by 320.9% in the third quarter. Bruce G. Allen Investments LLC now owns 1,772 shares of the company’s stock valued at $65,000 after acquiring an additional 1,351 shares in the last quarter. 21.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BTI has been the topic of several recent research reports. Barclays upgraded British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective on the stock. in a research report on Thursday, October 3rd. Finally, StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

British American Tobacco Price Performance

Shares of NYSE BTI opened at $37.08 on Thursday. 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 50 day moving average of $36.02 and a 200 day moving average of $34.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88.

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.