British American Tobacco (NYSE:BTI) Stock Rating Lowered by StockNews.com

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

British American Tobacco Price Performance

Shares of NYSE:BTI traded up $0.14 during trading on Monday, reaching $29.95. 2,386,128 shares of the stock were exchanged, compared to its average volume of 4,941,021. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.91 and a quick ratio of 0.59. British American Tobacco has a 1-year low of $28.25 and a 1-year high of $35.85. The stock has a fifty day moving average of $29.77 and a two-hundred day moving average of $30.09.

Hedge Funds Weigh In On British American Tobacco

A number of institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its position in 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 valued at $3,520,000 after buying an additional 3,424 shares during the last quarter. Verdence Capital Advisors LLC raised its position in British American Tobacco by 8.4% in the 3rd quarter. Verdence Capital Advisors LLC now owns 24,035 shares of the company’s stock valued at $755,000 after buying an additional 1,859 shares during the last quarter. Advisor Partners II LLC raised its position in British American Tobacco by 64.7% in the 3rd 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 during the last quarter. Park Avenue Securities LLC raised its position in 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 last quarter. Finally, Sage Rhino Capital LLC raised its position in British American Tobacco by 7.2% in the 3rd quarter. Sage Rhino Capital LLC now owns 7,102 shares of the company’s stock valued at $223,000 after buying an additional 476 shares during the last quarter. 21.44% of the stock is owned by institutional investors and hedge funds.

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.