Park Place Capital Corp Sells 2,549 Shares of British American Tobacco p.l.c. (NYSE:BTI)

Park Place Capital Corp decreased its stake in British American Tobacco p.l.c. (NYSE:BTI) by 20.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,820 shares of the company’s stock after selling 2,549 shares during the period. Park Place Capital Corp’s holdings in British American Tobacco were worth $304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BTI. Capital Research Global Investors increased its stake in shares of British American Tobacco by 38.5% in the fourth quarter. Capital Research Global Investors now owns 15,316,688 shares of the company’s stock valued at $448,625,000 after buying an additional 4,259,548 shares during the period. Prevatt Capital Ltd acquired a new stake in British American Tobacco during the fourth quarter worth approximately $23,432,000. Natixis Advisors L.P. grew its stake in British American Tobacco by 15.2% during the fourth quarter. Natixis Advisors L.P. now owns 2,099,969 shares of the company’s stock worth $61,508,000 after purchasing an additional 276,890 shares during the period. Dupree Financial Group LLC acquired a new stake in British American Tobacco during the fourth quarter worth approximately $7,761,000. Finally, First Eagle Investment Management LLC grew its stake in British American Tobacco by 42.5% during the first quarter. First Eagle Investment Management LLC now owns 722,462 shares of the company’s stock worth $22,035,000 after purchasing an additional 215,305 shares during the period. Institutional investors and hedge funds own 21.44% of the company’s stock.

British American Tobacco Stock Performance

Shares of BTI traded down $1.59 during mid-day trading on Monday, hitting $34.86. The stock had a trading volume of 8,999,435 shares, compared to its average volume of 4,773,311. The business has a fifty day moving average price of $32.14 and a 200-day moving average price of $30.78. 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 p.l.c. has a 52 week low of $28.25 and a 52 week high of $36.45.

Wall Street Analyst Weigh In

Separately, StockNews.com raised British American Tobacco from a “buy” rating to a “strong-buy” rating in a research note on Saturday.

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.